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Luis Bernardo

Update on Luis Bernardo

Luis Bernardo is 25 years old and married. He lives with his wife and one-year-old son in the San Temistocles precinct of the Ventanas canton.

The communal bank “Narcisa de Jesus," or “Daffodil of Jesus” is located in the San Temistocles precint, belonging to the Vantanas canton. This communal bank consists of short-cycle farmers who grow corn and rice.

Luis Bernardo is a farmer and has been growing corn for three years. He buys his supplies in Ventanas and then sells his goods at a market in the same area.

Luis Bernardo is requesting the loan to buy seeds and fertilizer for sowing corn. The loan has helped him increase his income, which goes towards his family’s consumptions and towards investment. His dream is to purchase a plot of land and help his son get an education.

He likes to play sports with his son and people from the neighborhood.
View original language description ↓
Luis Bernardo tiene 25 años vive en casado, vive con la esposa y un hijo, de un año. Vive en el Recinto San Temistocles en el Cantón Ventanas.

La ventanilla NARCISA DE JESUS se encuentra ubicada en el Recinto San Temistocles, perteneciente al cantón Ventanas, esta ventanilla se dedica a labores agrícolas de ciclo corto siembre de maíz y arroz.

Luis Bernardo se dedica a la agricultura a la siembra de maíz desde hace tres años. Compra sus productos en Ventanas y las vende en el mercado del mismo lugar.

El crédito solicita para la compra de semillas y fertilizantes para la siembra del maíz. El préstamo le ayudado para aumentar los ingresos para el consumo de la familia y para invertir. Su sueño es comprar un terreno y ayudar al hijo en el estudio.

Le gusta hacer deporte con el hijo y con los vecinos del barrio.

Previous Loan Details

Luis Bernando is 25 years old and married. He lives with his wife and child in the canton of Ventanas in Los Ríos Province. The Communal Bank called “Narcisa de Jesus” is located in the neighborhood of Recinto San Temistocles, which is part of the canton of Ventanas. This Communal Bank consists... More from Luis Bernardo'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
  • 51
    View loans »
    Ecuador Loans Fundraising
  • $24,308,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Luis Bernardo purchase seeds and fertilizer to sow corn.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Dec 5, 2011
Dec 27, 2011
Currency Exchange Loss:
Jul 19, 2012