Update on Marcos BenedoMarcos Benedo is 30 years old and lives in a common-law relationship with his partner and children. He lives in the area of Aguas Frías de Mocache, Mocache canton. The El Progreso communal bank is located in the the Aguas Frías de Mocache area in Mocache canton. This bank works in short-cycle agriculture growing corn, rice, and pigeon peas.
Marcos Benedo has worked for five years in agriculture growing corn on his own land. He buys his products in Mocache and sells them in the market in Mocache.
He requested the loan to buy seeds, fertilizer, and manure for the crops. The loan has helped him increase his income for family use and invest in the planting.
His dream is to buy a house. In his free time he very much enjoys resting.
Ventanilla EL PROGRESO se encuentra ubicada en el Recinto Aguas frías de Mocache, perteneciente al cantón Mocache, esta ventanilla se dedica a labores agrícolas de ciclo corto siembra de maíz, arroz y frejol gandul.
Marcos Benedo se dedica a la agricultura a la siembra de maíz en terrenos propios hace cinco años. Las compras y las ventas lo hace en 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 una casa.
Disfruta mucho en sus tiempos libres descansar.
Previous Loan DetailsMarcos Benedo is 30 years old. He’s single and lives alone in Ventanas Canton, Los Ríos Province. He has three children. The members of the “El Progreso” (Progress) communal bank are located in Aguas Frías de Mocache belonging to Mocache Canton and are dedicated to short cycle corn and ric... More from Marcos Benedo'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