Jaime is a member of the Communal Bank “Lotan Bajo”, which is 30 minutes away from the town of San Miguel. The group has a total of 13 members, most of whom engage in agriculture.
Jaime is dedicated to his two businesses, buying and selling cattle and growing agricultural products. These activities are the main source of income for his family. The two products he sells the most are cattle and corn. He acquires his products in San Miguel and also sells in both San Miguel and Guaranda. Jaime is requesting a loan to use for farming and to increase the operating capital for his business. He believes the loan will help his business so that he can buy and sell products. His dreams include upgrading the model of his car and buying a plot of land. The main challenge he faces is overproduction since his products can only be sold at lower prices since there are not enough buyers.
Jaime enjoys spending time with his family. He takes time to celebrate Carnival and the San Miguel patron saint festivals with his friends and family.
Jaime 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.
Jaime se dedica al negocio: compra y venta de ganado y productos agrícolas, como principal fuente de ingreso de su familia. Los que mas comercializa son ganado vacuno y el choclo. Compra sus productos en San Miguel y los vende en San Miguel y Guaranda.
Solicita el préstamo para la agricultura y para capital de trabajo en su negocio. Piensa que el crédito le ayudará para el negocio, en las compras y ventas de productos. Su sueño seria de mejorar el modelo del carro y comprar un terreno. Enfrenta desafió de sobreproducción de productos que baja los precios y no se tiene utilizador.
Le gusta salir de paseo con su familia, las costumbres del carnaval y fiestas de patrón San Miguel que celebra con amigos y familia.
About Cooperativa San JoseThis 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!
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