Check out other loans that are currently fundraising!
Maria Magdalena
María Magdalena is 50 years old and married. She lives with her husband and their two children, ages 20 and 30, in the Chillanes canton, Bolívar province.

The San Francisco de Asis Communal Bank is located in the Rumipamba district in the Chillanes Canton. The members of this group mainly devote themselves to growing corn and beans and raising animals.

María grows corn and beans and raises animals. She buys and sells her products at the Chillanes Cantón market every week-end.

She is requesting the loan to buy natural and chemical fertilizers, seeds, supplies, and liquid for the weeds around her crops. She will do this to keep her crops in good condition. She will also buy feed for the animals that she is raising in order to later sell them for a better price.

The loan will serve as a support to her by meeting her financial needs and improving the quality of her agricultural products. She faces challenges like the fall of the prices of the products she sells and the middlemen.

Her dream is to be able to buy a piece of land in order to be able to grow a little more. She also dreams of buying more animals to raise and being able to sell them for greater income for the well-being of her family.

She is a very responsible and determined woman, and she is punctual with her payments.

She likes to go for walks with her family and to get to know other places.
View original language description ↓
María Magdalena tiene 50 años de edad, es casada vive con el esposo y con los dos hijos de veinte y treinta años de edad en el Cantón Chillanes Provincia de Bolívar.

La V.R.C SAN FRANCISCO DE ASIS, se encuentra ubicada en el Recinto Rumipamba, perteneciente al cantón Chillanes, los miembros de esta ventanilla se dedican a la agricultura, principalmente al cultivo de maíz, fréjol y crianza de animales.
María se dedica al cultivo de maíz, fréjol y crianza de animales. Compra y vende sus productos en el mercado del Cantón Chillanes cada fin de semana. Solicita el crédito para compra de abonos, semillas, insumos, fertilizantes, abonos y líquidos para la maleza de los cultivos para mantener los productos en buenas condiciones y compra de comida para los animales que tiene para la crianza para lo posterior venderlos en un mejor precio.

El crédito le servirá de apoyo para suplir sus necesidades económicas y mejorar la calidad del producto y sus actividades agrícolas. Enfrenta desafíos como la caída de precios de los productos que comercializa, así como los intermediarios. Su sueño es poderse comprar un terreno para poder sembrar un poco más, comprar más animales para la crianza y poder venderlos para obtener mayores utilidades para el bienestar de la familia.

Es una mujer muy responsable, perseverante, puntual en los pagos y le gusta salir a pasear y conocer otros lugares en compañia de la familia.

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
  • 74
    View loans »
    Ecuador Loans Fundraising
  • $25,019,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $850 helped Maria Magdalena to buy natural and chemical fertilizers, seeds, supplies, and liquid for the weeds around her crops and to buy more animals to raise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Aug 9, 2011
Aug 29, 2011
Currency Exchange Loss:
Sep 20, 2012