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Luis Arturo

Update on Luis Arturo

21-year old Luis Arturo is married and has three children. He lives with his wife and children aged 2, 3, and 1 in Guaranda in the province of Bolivar.

Luis belongs to the Guantucoto community bank in the parish of Julio Moreno in Guaranda canton, located half an hour from the main office. The members of the community work in agriculture, raise livestock such as pigs, chickens, sheep), commerce, and construction.

Luis is a farmer and raises poultry. He also works in construction. He enjoys sport. He buys goods and sells his produce in Guaranda.

Luis is seeking a loan to buy seeds, fertilizer, urea, manure so he can improve the financial situation of his family and make progress. He will make good use of the money by spending it on supplies for his crops. His dream is to have another business so he can increase his income and improve his family’s situation.

The challenges that Luis faces are lack of rain or too long a winter. In his free time he enjoys going to festivals and carnivals.

With his previous loan he was able to buy farm supplies, fertilizer and seeds and improve production. He improved his family’s standard of living and his income increased satisfactorily.
View original language description ↓
Luis Arturo tiene 21 años de edad es casado tiene 3 hijos, vive con la esposa y con los hijos de de 2, 3 y 1 año de edad en Guaranda Provincia de Bolívar.
Es integrante de la VRC VENTANAL se encuentra formada en la comunidad Guantuncoto, Parroquia Julio Moreno Cantón Guaranda, a una distancia de 30 minutos de la oficina Los habitantes de la Comunidad se dedican a diferentes actividades como son: agricultura, ganadería, crianza de animales (cerdos, pollos, ovejas) comercio y construcción.
Luis se dedica a la agricultura, avicultura además se dedica a la construcción y el deporte.
Las compras y las ventas lo hace en Guaranda.
Solicita el crédito para comprar semillas, fertilizantes, urea, abonos y mejorar la situación económica de la familia y tener buenos progresos.
Con la ayuda del crédito utilizará muy bien el dinero y poder invertir en la agricultura.
El sueño es poder tener otro negocio que incremente los ingresos para mejoras de la familia.
El desafío que se le han presentado es la sequedad del tiempo o mucho invierno. En los tiempos libres le gusta disfrutar de las festividades del carnaval.
Con la yuda del crédito anterior pudo comprar los insumos, abonos, semillas para mejorar la producción. mejoró la calidad de vida de la familia, los ingresos han mejorado satisfactoriamente.

Previous Loan Details

Luis Arturo M. M. is 21 years old. He is married and lives with his wife and 2 children in Guaranda Canton in Bolivar Province. Luis belongs to the Communal Bank "Guantucoto" located half an hour from Guaranda. The group is dedicated to agriculture and livestock, especially growing corn and… More from Luis Arturo'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

  • $10,200
    Average annual income
  • 15
    View loans »
    Ecuador Loans Fundraising
  • $22,541,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Luis Arturo to buy seeds, fertilizer, urea, and manure.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 21, 2011
Listed
Dec 9, 2011
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012