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David Oswaldo

Update on David Oswaldo

David Oswaldo is 31 years old and married without children. He lives with his wife in the Ventanas canton in the province of Los Ríos.

The communal bank LA VRC NUEVA UNIÓN is located in the area of Guamayacu, which belongs to the canton of Echeandía. This settlement grows short-cycle crops such as corn, rice and green pigeon peas.

David works growing corn, rice and green pigeon peas, the buying and selling of which take place in Echeandia.

The loan will be very helpful because he could plant and harvest for income. The previous loan helped him to get ahead and he had no problem making timely payments to the communal bank. With this loan he could buy seeds and agricultural supplies such as urea, herbicide, fertilizers, and weedkiller to maintain the crops in good condition.

His family relationship has improved because now he can contribute a little more to the well being of his family. His work is going along better because he has expanded the production and increased his earnings because now with the sale of his crops he is making more profit.

His dream is to continue working together with his family in order for his family and his business to prosper.

He is very grateful for the support.
View original language description ↓
David Oswaldo tiene treintaiun años de edad es casado no tiene hijos, vive con la esposa en el cantón ventanas provincia de los ríos.

LA VRC NUEVA UNIÓN, se encuentra ubicada en el Recinto Guamayacu, perteneciente al Cantón Echeandía, esta ventanilla se dedica a labores agrícolas de ciclo corto siembra de maíz, arroz, fréjol gandul.

David se dedica a la agricultura a la siembra de maíz, arroz, fréjol gandul las compras y las ventas las realiza Echeandia.

El Crédito será de mucha ayuda porque podrá sembrar y cosechar para tener utilidades ya que con el apoyo de anterior crédito le ayudado a superarse y no tuvo ningún problema para poder cancelar las cuotas establecidas por la cooperativa. Con el dinero pudo comprar semillas e insumos agrícolas como urea, mata monte, fertilizantes, veneno para la maleza para mantener en buenas condiciones los cultivos.

En la familia la relación ha mejorado porque ahora puede aportar un poco más para el bienestar de la familia, en el trabajo le va mucho mejor porque a aumentado la producción en los ingresos a mejorado mucho porque ahora con la venta de los productos obtiene más ingresos.

El sueño es seguir trabajando junto a la familia para lograr prosperar en la familia y en el negocio.

"Esta muy agradecido por la ayuda brindada".

Previous Loan Details

David Oswaldo B. L. is 31 years old, married and lives with his wife in the Ventanas canton in the province of Los Ríos. He has no children. The communal bank "V.R.C. NUEVA UNION" is located in Guamayacu which belongs to the Echeandia canton. This farm group mainly grows short-cycle crops suc... More from David Oswaldo's previous loan »

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!

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Ecuador

  • $10,600
    Average annual income
  • 77
    View loans »
    Ecuador Loans Fundraising
  • $24,585,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped David Oswaldo to buy seeds to plant and harvest for profit.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Oct 5, 2011
Oct 18, 2011
Currency Exchange Loss:
Aug 22, 2012