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Jaime Estuardo
Jaime Estuardo M. B. is 49 years old and lives in the canton of San Miguel in Bolivar Province. He and his wife have two children, Mauricio (age 21) and Andrés (age 15).

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.

View original language description ↓
Jaime Estuardo M. B. tiene 49 años de edad. Vive con su esposa y 2 hijos, Mauricio de 21 años y Andrés de 15 años en el cantón de San Miguel, en la provincia de Bolívar.
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.

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
  • 91
    View loans »
    Ecuador Loans Fundraising
  • $24,583,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Jaime Estuardo invest in farming & increase the operating capital for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
May 17, 2010
May 29, 2010
Currency Exchange Loss:
Jun 15, 2011