Abel Geremias M. M. is 20 years old. He is single and lives with his parents in the canton of Ventanas, in Los Ríos province.
Abel is a member of the Recinto San Ramón communal bank, which is located in Nuevo San Ramón, 12 kilometers from Ventanas. The group has a total of 20 members, who work in short-cycle agriculture (with harvests after 6 months). This is their first loan with the Cooperative.
Abel is a student while also working in agriculture, growing corn and rice. He sells his crops in Ventanas every 6 months.
He is requesting the loan to buy compost, seeds and fertilizers for his corn and rice crops. He thinks that this loan will be a great help to him if he can invest it wisely to improve the effectiveness of his work. His dream is to finish his university studies and have a good job outside of agriculture.
In his free time, he enjoys playing sports such as indoor soccer and pelota (an Ecuadorian form of soccer), reading, singing and playing the guitar.
Abel Geremias M. M. tiene 20 años. Es soltero y vive con sus padres en el cantón de Ventanas, en la provincia de Los Ríos.
Abel es un socio de la ventanilla rural Recinto San Ramón, que esta ubicada en Nuevo San Ramón, a 12 Km. de Ventanas. Son 20 socios en total, que están trabajando en la agricultura de corto ciclo (cosecha en 6 meses). Esto es el primer crédito que ellos sacan con la Cooperativa.
Abel esta estudiando, y al mismo tiempo trabaja en la agricultura, cultivando maíz y arroz. Hace sus ventas en Ventanas cada 6 meses.
Solicita el préstamo para sembrar maíz y arroz: comprar fertilizantes, semillas y abonos. Piensa que este crédito le ayudara si lo invierte bien para trabajar bien. Su sueño es terminar sus estudios y tener un buen trabajo afuera de la agricultura.
Le gusta hacer deportes: jugar indoor fútbol y pelota, leer y cantar con la guitarra en su tiempo libre.
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!