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Gregorio
Gregorio C. C. is 58 years old, married, and has seven children named Holger (age 35), Oswaldo (age 30), Walter (age 25), Estela (age 24), Miguel (age 21), Maria (age 20), and Manuel (age 17). They live in the town of San Francisco de Rumí, which is 1½ hours from San Miguel Canton in the Province of Bolivar.


Gregorio is a member of the Communal Bank “San Francisco de Rumí Pamba”. The group consists of 25 members, most of whom are engaged in agriculture. Gregorio has been farming all of his life as the main source of income for his family. Among the crops grown in the area are corn, potatoes, peas, and beans. He sells his products in the city of Guayquil every year.


Gregorio is requesting a loan to buy urea and compost, as well as pay the salaries of his workers. His goal is to build a few greenhouses. The challenges he faces include harvesting his crops when prices are low. Gregorio says that his community of San Francisco celebrates when there is no work left to be completed.

View original language description ↓
Gregorio C. C. tiene 58 años, es casada, tiene 7 hijos que se llaman Holger de 35, Oswaldo de 30, Walter de 25, Estela de 24, Miguel de 21, Maria de 20 y Manuel de 17 años Viven en el recinto San Francisco de Rumí pamba a una hora y media del Cantón San Miguel Provincia de Bolívar.
El socio es un miembro de la ventanilla rural “San Francisco de Rumí pamba”. La misma que esta conformada por 25 socios en total, los cuales la mayoría se dedican a la agricultura.
Gregorio trabaja en la agricultura toda su vida como principal fuente económica de su familia. Dentro de los cultivos que más sobresalen en la zona son el maíz, papas, arbeja, fréjol. Vende los productos en la ciudad de Guayaquil cada año.
Gregorio solicita el crédito para comprar ureas, abonos y pagar jornales de los trabajos. Su meta es construir unos invernaderos. Los desafíos que enfrentan son que en tiempo de cosechas los precios se ponen muy bajos. Gregorio manifiesta que en su comunidad celebran a San Francisco y cuando no hay mucho trabajo salen a pasear

Additional Information

About Cooperativa San Jose

This loan is administered by Cooperativa San Jose, a 45,000-member credit union located high in the Andes Mountains of Ecuador’s poorest province, Bolivar. They offer a unique loan called “Ventanillas Rurales” [Window to the Countryside], which uses a group guarantee but is an individual loan with a savings component, mostly to rural borrowers. Due to low savings rates and a history of macroeconomic instability, many traditional loans in Ecuador demand interest rates that are prohibitively high for some borrowers. There is also a high incidence of extortionist black-market lending in Ecuador. CSJ helps mitigate these problems by providing a less onerous and more appropriate option. Join CSJ’s Lending Team!

About Ecuador

  • $10,200
    Average annual income
  • 101
    View loans »
    Ecuador Loans Fundraising
  • $23,946,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Gregorio purchase urea & compost; pay his workers' salaries.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 8, 2010
Listed
May 8, 2010
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2011