Update on Jose ManuelJosé Manuel is 39 years old, a widower, and lives with his children (ages 20, 15, 13, 10, and 5) in the neighborhood of San Temistocles in the canton of Ventanas.
The Communal Bank “Narcisa de Jesus” is located in the neighborhood of San Temistocles, which is in the canton of Ventanas. This group consists of short-cycle farmers who grow corn and rice.
José Manuel is a farmer who has been growing corn for six years. He buys his supplies in Ventanas and sells his products at the market in the same place. The loan he is requesting will be used to buy seeds and fertilizers for growing corn. This will be a great help with increasing his income for the consumer needs of his family and for investment. His dream is to buy a solar panel system so that he can build a house.
In his free time, he enjoys relaxing and conversing with his children.
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.
José Manuel se dedica a la agricultura a la siembra de maíz desde hace seis años. Compra sus productos en Ventanas y las vende en el mercado del mismo lugar.
El crédito solicito 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 solar para construir la casa.
En los tiempos libres le gusta descansar y conversar con los hijos.
Previous Loan DetailsJose Manuel is 39 and is a widower with 5 children. He lives in the canton of Ventanas in the Los Rios province. His communal bank is called "Narcisa de Jesus," and is located in the rural San Temistocles settlement in Ventanas canton. The members of this communal bank work in short-cycle a... More from Jose Manuel'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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Success!! The loan was 100% repaid