Jaime T. C. is 56 years old, he is married and he lives in the canton of San Miguel, located in the Bolívar county, with his wife and his 5 children: Carmen (17), Jaime (12), Fabián (10), Cristina (8) and Beatriz (6).
Jaime is a member of the Santiagopamba communal bank, located in San Pablo, half an hour away from the canton of San Miguel. The communal bank is composed of people dedicating themselves mainly to agriculture as a source of income for the family.
Jaime dedicates himself to agriculture as a source of income for his family. He mainly sows corn: he buys seed in the market of San Pablo (half an hour away from San Miguel) and sells his products to merchants directly from the field.
The loan Jaime is requesting will be used to buy manures, fertilizers and pigs. He thinks the loan will help him buy better fertilizers. He dreams of buying some land and restructure his house. Crop illnesses and the bad climate affecting these same sown fields are the main challenges he has to face.
Jaimes likes the festivals taking place in the towns of San Pedro and San Pablo (two villages close to San Miguel), that he attends to with his family and friends.
Jaime T. C. tiene 56 años, es casado, y vive con su esposa y 5 hijos, Carmen (17), Jaime (12), Fabián (10), Cristina (8) y Beatriz (6), en el cantón de San Miguel en la provincia de Bolívar.
Jaime es un miembro de la ventanilla rural Santiagopamba, que se encuentra en San Pablo, a media hora del Canton de San Miguel. La ventanilla esta compuesta por personas que en su mayoría se dedica a la agricultura, como fuente de ingresos de su familia.
Jaime se dedica la agricultura como fuente de ingresos de su familia. Lo que mas siembra es maíz. Hace las compras en el mercado de San Pablo (a media hora de San Miguel) y las ventas a los comerciantes en el terreno.
Jaime solicita el crédito para comprar abonos y fertilizantes y cerdos. Piensa que el préstamo le ayudará a comprar mejores fertilizantes. Su sueño es comprar un terreno y remodelar la casa. Los desafíos que el enfrenta son enfermedades en los cultivos y el clima que afecto a dichos sembrios.
A Jaime le gustan las fiestas de San Pedro y San Pablo (pueblos cercanos de San Miguel), que se celebran con la familia y amigos.
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!