Update on Segundo AngelSegundo Ángel, 37, is married and has four children. He lives with his wife and children in Ventanas Canton, Los Ríos Province.
The “Nueva Unión” communal bank is located in Recinto Guamayacu which belongs to Echeandía Canton. Its members are short term corn, rice and pigeon pea farmers. Segundo is a corn, rice and pigeon pea farmer. His purchases and his sales take place in Echeandía.
He used the money from the previous loan to buy seeds and farming supplies like urea, Matamonte [herbicide], fertilizer and weed killer to keep his crops in good condition.
His family relationship has improved because he’s now been able to contribute a bit more toward family wellbeing. At work he’s doing much better because production has increased and income has improved quite a bit now that he has more product to sell and he earns more income. Support from the previous loan helped him improve and he had no problem making the installment payments as established by the communal bank.
This new loan will be of much help because it will serve to buy seeds and farming supplies like urea, Matamonte, fertilizer and weed killer to keep his crops in good condition. The challenges he faces are frequent: competition and pests. His dream is to be able to buy a farm and to live in peace with his family. In his spare time he enjoys playing sports, especially volleyball, and sharing time with his family. His dream is to continue working together with his family so that both the family and the business will attain progress. He is very grateful for the help provided.
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.
Segundo se dedica a la agricultura a la siembra de maíz, arroz, fréjol gandul las compras y las ventas las realiza Echeandia.
Con el dinero del prestamo anterior 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. Con el apoyo de anterior crédito le ha ayudado a superarse y no tuvo ningún problema para poder cancelar las cuotas establecidas por la cooperativa.
Este nuevo Crédito será de mucha ayuda porque le servirá para comprar semillas e insumos agrícolas como urea, mata monte, fertilizantes, veneno para la maleza para mantener en buenas condiciones los cultivos.
Los desafíos que se le presenta muy frecuentes son: la competencia y las plagas. El sueño es poder comprar una finca y vivir tranquilo con la familia.
En los tiempos libres le gusta practicar el deporte en especial el boly y compartir con la familia.
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 DetailsSegundo Angel is 37 years old. He is married and lives with his wife and four children in Ventanas canton, in Los Ríos province. The Nueva Unión community bank is located in Guamayacu, in Echeandia canton. The members of this group work in short-cycle agriculture, growing corn and rice. Segun... More from Segundo Angel's previous loan »
About Cooperativa San JoseThis 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.
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