Diana C. G. is 23 years old. She lives in a common-law relationship, with her 3-year-old kid named Fernando, in San Miguel canton, in the province of Bolivar.
Diana is a member of the rural loan group called “Hope of the sower”, which is located 2 hours away from San Miguel. There are 14 group members, who are dedicated to agriculture: corn, beans, potatoes and blackberries mostly.
Diana is a farmer who grows blackberries, corn, and beans. She purchases and sells her products in the town of San Pablo (an hour away from where she lives). Blackberries sell weekly, and other crops once a year.
Diana is requesting this loan to invest in agriculture: to buy compost and fertilizers. She thinks the credit will help her invest more. Her dream is to purchase a house. She faces major challenges with crop diseases, such as “lanchas” in corn and beans, that endanger the harvest. She lacks money for her family
She likes to sew and take care of her animals in her free time.
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!