Alejandrina Pilar Alvarez A. is 48 years old, she is single and she lives with her children in the canton of Ventanas, in the province of Los Rios. She has 2 children.
The communal bank named "High Plains" is located in the neighborhood of Voluntad de Dios, in Ventanas. The members of this group are short-term agriculturists who plant corn and rice.
Alejandrina is an agriculturist who plants corn and rice. She purchases her products in Ventanas, in the Pena shopping district, and she resells from her home or in the market in Ventanas every day.
She requests a loan to purchase corn, products and seeds. With the help of this loan she will be able to financially meet all of her needs, and to face the difficult challenges presented by plagues, illness, and the changing weather. Her dream is to have her own fields to work in.
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!