Update on Santo CarlosSanto Carlos is 43 and lives with his common-law wife and his 7-year old son. He lives in the district of Ventanas, in Los Rios province. The EL SAGRADO CORAZON group is located at Ernesto Briones and Parroquia 10 de Noviembre, in Ventanas district and the group is engaged in sales. Santos Carlos Virgilio works selling beef from cattle, known asTercena. He needs capital to invest in buying meat. He buys his products in the city of Ventas, from Julia Moreno. This loan will allow him to increase production and produce quality product. Santos hopes to grow his business, and has faced challenges such as competition. In his free time, he enjoys resting.
La Ventanilla EL SAGRADO CORAZON, esta ventanilla se encuentra ubicada en el sector de las calles Ernesto Briones y Parroquia 10 de Noviembre, perteneciente al Cantón Ventanas, esta ventanilla se dedica al Comercio.
El señor Santo Carlos se dedica a la venta de Tercena, es decir a la venta de carne de res o mas conocida como la carne de vaca. Necesita el dinero para invertir en la carne.
Las compras de los insumos las realiza en la ciudad de Ventas donde el Señora Julia Moreno. El crédito les ayudado a aumentar la producción y tener productos de calidad, el sueño de Santo es seguir en el negocio, ha enfrentado desafíos como la competencia.
En los tiempos libres le gusta descansar.
Previous Loan DetailsSanto Carlos M. R. is 42 years old and lives in a common-law marriage with his partner and child in the Ventanas canton in the province of Los Ríos. He has one child. The members of the community bank ÉXITO DEL MAÑANA [Tomorrow's Success] are located in the Ventanas canton and meet in the… More from Santo Carlos'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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