Lider Ruales L. is 45 years old. He is married and lives in the Chillanes canton in Bolivar province. He has 8 children who range from 7 to 25 years of age.
Lider is a member of the rural communal bank "Progreso Comunitario," which is located 2 hours from Chillanes. There are 11 members in all, and the majority of them cultivate cocoa or have their own small businesses.
Lider has a business cultivating cocoa and raising pigs. He buys his products in Babahoyo, and sells his products in Mata de Cacao. He requests a loan to improve his cocoa plantings and to buy more pigs. With the support of this loan he will be able to improve his crops. His dream is to improve his house. At times he faces challenges because the plants die from a disease that is called "el machete."
He enjoys playing volleyball and going to cockfights.
Lider Ruales L. tiene 45 anos. Es casado y vive en el cantón de Chillanes en la Provincia Bolívar. Tiene 8 hijos de edades 25 hasta 7 anos.
Lider es un socio de la ventanilla rural Progreso Comunitario, que está ubicada a dos horas de Chillanes. Son 11 socios en total, que en la mayoridad se dedican al cultivo de cacao o tienen sus propios pequeños negocios.
A Lider se dedica al cultivo de cacao y cría chanchos. Realiza las compras de sus productos en Babahoyo y las ventas de sus productos en Mata de Cacao. Solicita el crédito para mejorar el cacao y comprar más chanchos. Con el apoyo del préstamo podría mejorar sus cultivos. Su sueno es mejorar su vivienda. A veces se desafía por las plantas que se mueren por una enfermedad que se llama ¨el machete.¨
Le gusta jugar el boli e ir a los gallos.
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!