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Carmen
Carmen C. V. is 50 years old, married, and has eight children: Raul (age 30), David (age 27), Janeth (age 24), Agnelio (age 23), Mercedes (age 20), Salomón (age 18), Saúl (age 16), and Nancy (age 13). They live in the town of San Francisco de Rumí, which is 1½ hours from San Miguel Canton in the Province of Bolivar.


Carmen 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. Carmen has been farming all of her life as the main source of income for her family. Among the crops grown in the area are corn, potatoes, and tomatoes. She sells her products at the markets in Guaranda and Riobamba.


Carmen is requesting a loan to buy farming supplies for her crops. Her goal is to avoid earning low prices during harvest season. Her challenges include overproducing corn when prices are not favorable. In her free time, Carmen says she enjoys talking with her neighbors about her children’s education.

View original language description ↓
Carmen C. V. tiene 50 años, es casada, tiene 8 hijos que se llaman Raúl de 30, David de 27, Janeth de 24, Agnelio de 23, Mercedes de 20, Salomón de 18, Saúl de 16 y Nancy de 13 de años Viven en el recinto San Francisco de Rumí pamba a una a una distancia de 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.
Carmen 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, tomate. Vende los productos en el los mercados de Guaranda y Riobamba.
Carmen solicita el crédito para comprar insumos agrícolas para los sembrios. Su meta es que sus precios no estén bajos al momento de la cosecha. Los desafíos que enfrentan son la sobreproducción de maíz y ahí es cuando los precios se ponen malos. Carmen manifiesta que en sus tiempos libres le gusta conversan con los vecinos sobre la ecuación de sus hijos.

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
  • 102
    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 Carmen purchase farming supplies.
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