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Sara Magdalena
Sara Magdalena, 56, is widowed and has two children. She lives with her children who are 20 and 25 years old in Chillanes Canton, Bolívar Province.

The “La Florida” communal bank has 12 members, both male and female, and is located in Chillanes Canton five minutes from the office. Sara is a corn and broad bean farmer. Her purchases and her sales take place in Chillanes every weekend.

She asks for the loan to be able to buy farm supplies. Help from the loan will help her improve the quality of the product. Her dream is to be able to buy a piece of farmland to increase production. The challenge she faces is the middlemen. She considers herself to be a humble, tranquil, hardworking and honest person who likes to enjoy the Saint Rita Day festivities.
View original language description ↓
Sara Magdalena tiene 56 años de edad es viuda tiene dos hijos, vive con los hijos de 20 y 25 años de edad en el Cantón Chillanes Provincia de Bolívar.
La VRC la florida está conformada por 12 socios y socias esta ubicada en el Cantón Chillanes a 5 minutos de la oficina.
Sara se dedica a la Agricultura al cultivo de maíz y fréjol.
Las compras y las ventas los realiza en Chillanes cada fin de semana. Solicita el crédito para poder comprar insumos agrícolas.
Con la ayuda del crédito le ayudara mejorar la calidad del producto.
El sueño es poder comprar terreno para aumentar la producción. Los desafíos a los que se enfrenta a diario son los intermediarios.
Se considera una persona humilde, tranquila, trabajadora y honrada y le gusta disfrutar de las festividades de Santa Rita.

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
  • 93
    View loans »
    Ecuador Loans Fundraising
  • $24,212,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Sara Magdalena to buy farm supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 31, 2011
Listed
Nov 17, 2011
Currency Exchange Loss:
N/A
Ended:
Nov 20, 2012