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Fausto Euclides
Fausto Euclides, 37, is single. He has a 16 year old daughter but she doesn’t live with him. He lives in Chillanes Canton, Bolívar Province.

The “Nueva Unión” (New Union) communal bank is located in San José del Tambo Parish belonging to Chillanes Canton. The members of this communal bank are farmers, especially of corn, cocoa beans, rice, oranges, bananas and coffee.

Fausto grows cocoa beans, corn and bananas. He makes his purchases and his sales at the San José del Tambo market every weekend.

He requests the loan to buy farming supplies: fertilizer and manure. The loan will help him meet his economic needs and improve his farming activities. He faces challenges like the fall in price of the products he sells and dealing with middlemen.

His dream is to have a house of his own to leave to his daughter and he enjoys going on trips with his daughter and spending time with his parents.
View original language description ↓
Fausto Euclides tiene 37 años soltero tiene una hija pero no vive con él de 16 años vive en el Cantón Chillanes Provincia de Bolívar.

La V.R.C NUEVA UNION se encuentra ubicada en la parroquia San José del Tambo, perteneciente al cantón Chillanes, los miembros de esta ventanilla se dedican a la agricultura, principalmente al cultivo de maíz y cacao, arroz, naranja, plátano, café.

Fausto se dedica al cultivo de cacao, maíz y plátano. Compra y vende sus productos en el mercado de San José del Tambo cada fin de semana.

Solicita el crédito para compra de abonos e insumos, fertilizantes, abonos agrícolas. El crédito le servirá de apoyo para suplir sus necesidades económicas y mejorar sus actividades agrícolas. Enfrenta desafíos como la caída de precios de los productos que comercializa, así como los intermediarios. Su sueño es tener casa propia para dejar a la hija.

Le gusta salir de viaje con la hija y pasar con los padres.

Additional Information

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!

About Ecuador

  • $10,600
    Average annual income
  • 99
    View loans »
    Ecuador Loans Fundraising
  • $24,223,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Fausto Euclides to buy farming supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 28, 2011
Listed
Aug 22, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 16, 2012