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Mario José

Update on Mario José

Mario José is 33 years old and in a common law marriage. He lives with his wife and daughter in the community of Recinto Voluntad de Dios of the Ventanas canton.

The VALLE ALTO communal bank is located in the community Voluntad de Dios, which belongs to the Ventanas canton. This bank is dedicated to short cycle agricultural work such as corn, rice and beans.

Mario José works in agricultural, growing rice and corn. He buys his products in Ventanas and does his selling in the Ventanas market.

The loan he has asked for is to buy seeds and fertilizer for his crops. The loan has helped to increase his income for his family and to invest in his crops. His dream is to buy a plot of land.

He likes to spend time with his children.
View original language description ↓
Mario José tiene 33 años vive en unión libre, vive con la compañera y la hija. Vive en el Recinto Voluntad de Dios en el Cantón Ventanas.

Ventanilla VALLE ALTO se encuentra ubicada en el Recinto Voluntad de Dios, perteneciente al cantón Ventanas, esta ventanilla se dedica a labores agrícolas de ciclo corto siembra de maíz, arroz y frejol gandul.

Mario José se dedica a la agricultura a la siembra de maíz y arroz. Compra sus productos en Ventanas y las vende en el mercado de Ventanas.

El crédito solicito para la compra de semillas, fertilizantes y abonos para los cultivos. El préstamo le ayudado para aumentar los ingresos para el consumo de la familia y para invertir en la siembra. Su sueño es comprar un terreno.

Le gusta dedicarse a los hijos.

Previous Loan Details

Mario José, 32, is single and lives with his daughter, Magnolia, 5, in the Ventanas canton, Los Rios province. The members of his communal bank V.R.C. Valle Alto meet in the Voluntad de Dios office in Ventanas canton. This chapter is dedicated to short cycle crops and they grow corn and rice.... More from Mario José'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
  • 31
    View loans »
    Ecuador Loans Fundraising
  • $23,142,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Mario José to buy seed and fertilizers for his crops.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 13, 2011
Listed
Dec 21, 2011
Currency Exchange Loss:
N/A
Ended:
Jul 27, 2012