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Nervo Ivan
Nervo Ivan G. M., 26, lives with his family in San Miguel canton, Bolívar province. He has three children: Jimena (5 years old), Henry (3 years old) and Rubén (1 year old).

Nervo is a member of the Lotan Bajo communal bank which is located half an hour from the town of San Miguel. There is a total of 13 members who are, for the most part, farmers.

His main source of family income is farming; his main crops are corn, broad bean, peas and potatoes. He buys and sells his products once a week in San Miguel’s farmers market on farm day.

He is requesting funds to buy farm supplies and to pay his field hands. The purchase of supplies will lead to good harvests, he hopes. His dream would be to buy a lot and build his own house. The challenges he faces are plant pests, lack of rain and his children’s’ illnesses.

He enjoys the St. Michael patron saint festivities, visiting relatives, fishing in the river with his family and participating in cock fights.
View original language description ↓
Nervo Ivan G. M. tiene 26 años, y vive con su familia en el cantón de San Miguel en la provincia de Bolívar. Tiene 3 hijos: Jimena (5 años), Henry (3 años) y Rubén (1 año).
Nervo es un miembro de la ventanilla rural Lotan Bajo, que se encuentra a media hora del pueblo de San Miguel. Son 13 socios en total, y en su mayoría se dedican a la agricultura.
Se dedica a la agricultura como fuente de ingresos de su familia. Los productos que más produce son maíz, fréjol, arbeja y papas. Compra y vende sus productos en el mercado del cantón San Miguel una vez a la semana, los días de la feria.
Solicita el préstamo para comprar productos agrícolas y pagar peones. Con la compro de los insumos, se espera obtener resultados en la cosecha. Su sueño seria comprar un terreno y construir su casa propia. Los desafíos que enfrente son las plagas a los cultivos, falta de lluvia y enfermedades a sus hijos.
Le gusta las fiestas del patrón San Miguel, visitar parientes, irse de pesca al rió con su familia y jugar gallos de pelea.

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

  • $10,600
    Average annual income
  • 50
    View loans »
    Ecuador Loans Fundraising
  • $24,308,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Nervo Ivan to buy farm supplies and pay farm hands.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 17, 2010
Listed
May 29, 2010
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2011