Luis Salomon G. is 52 years old and divorced. He lives with his three children in Tangara, San Miguel Canton, Bolivar Province, Ecuador.
The credit window to which Luis belongs, Campesinos Unidos, is located in Tangara, about 15 minutes from the San Miguel Canton. (A canton in Ecuador is similar to a county in the USA.) The members of this credit window work in agriculture and trade.
Luis works in agriculture, planting corn and wheat, because these are the most commonly bought agricultural products. He buys his products, such as seeds, in San Miguel, and sells them in the market of the same canton.
He is applying for this loan to buy agricultural inputs, such as fertilizers and seeds. The credit will be supported by this family business, which will produce more as a result of the inputs and be able to pay back the debt promptly. His dream is to establish an operation to raise pigs for sale.
The biggest challenges that Luis faces are pests and sicknesses in his crops. He enjoys going to the carnival with his family.
LUIS SALOMON G., tiene 52 años de edad, es divorciado, vive con los 3 hijos, vive en San Miguel en el Recinto Tangara perteneciente a la Provincia de Bolívar.
Esta Ventanilla se llama CAMPECINOS UNIDOS esta ubicada en el recinto Tangara y se encuentra a unos 15 minutos del Cantón San Miguel, los miembros de esta ventanilla se dedican a la agricultura y al comercio.
Luis se dedica a la agricultura a la siembra de maiz y trigo por que son los productos que mas se venden.
Comprar sus productos, como semillas, en San Miguel y los vende en la Feria del mismo Cantón.
El crédito lo solicita para la comprar de insumos agrícolas fertilizantes y semillas, el crédito apoyado en el negocio familiar ya que produce mas y se tiene que trabajar para pagar la deuda. Su sueño es construir una chanchera grande y comprar cerditos para vender.
Los desafíos que se enfrenta son plagas y enfermedades en los cultivos. Le gusta festejar el carnaval con la familia.
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!