Gladys Narcisa O. F. is 33 years old. She is married and lives in the canton of Chillanes, in Bolívar province. She has 5 children, ranging from 4 to 14 years old.
Gladys is a member of the rural solidarity group El Placer, located three hours from Chillanes. It has a total of 19 members, most of whom are involved in growing corn and cacao [cocoa]. This is their first loan through the San José Cooperative.
Gladys works on a cacao plantation.
She is requesting the loan to plant corn and buy fertilizer and seeds, so that she can eventually become an independent producer. Her dream is to buy land, support her children and provide them with a university education. She has no free time.
Gladys Narcisa O. F. tiene 33 años. Es casada y vive en el cantón de Chillanes en la provincia de Bolívar. Tiene 5 hijos de 14 a 4 anos.
Gladys es un socio de la ventanilla rural El Placer, que está ubicada a tres horas de Chillanes. Son 19 socios en total, que en la mayoridad se dedican al cultivo de maíz y cacao. Esto es el primer préstamo que ellos sacan con la Cooperativa San José.
Gladys se dedica a trabajar en una cacaotera.
Solicita el préstamo para sembrar maíz y comprar abonos y semillas y para sembrar independemente eventualmente. Su sueño es comprar terreno, apoyar a sus hijos y darles a sus estudios.
No tiene 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!