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Luis Fausto
Luis Fausto, 30, and his wife have 4 children who are 12-, 10-, 8- and 6-years old, respectively. They live in Guaranda, a canton in Bolivar province.

Luis is a member of the Nuevos Horizontes community bank. His town is about 40 minutes from Santa Martha in Guaranda.

Luis is a farmer. He grows blackberries and oranges. He also raises cattle, chickens and pigs.

Luis is applying for a loan that he will use to buy manure, fertilizers, feed and other supplies. He buys and sells everything he needs in Guaranda. His biggest challenges are insects and climate. Your loan will allow him to continue operating his business.

Luis wants to buy a larger farm. In his spare time, he likes to play naipe (a card game) and go to Carnaval.
View original language description ↓
Luis Fausto tiene 30 años de edad es casado tiene 4 hijos, vive con la esposa y con los hijos de 12, 10, 8 y 6 años de edad en Guaranda provincia de bolívar.

Es integrante de la VCR Nuevos Horizontes, la comunidad se encuentra a unos 40 minutos en la comunidad santa Martha perteneciente al Cantón Guaranda.

Luis se dedica a la agricultura a la siembra de mora y naranjilla, además cría pollos, cerdos y ganado.

Solicita el crédito para poder comprar semillas, abonos, líquidos para la maleza, urea, abonos orgánicos y comida para los animales como el balanceado.

Las compras y las ventas de los productos agrícolas lo hace en Guaranda. Los desafíos a los que se enfrenta son las plagas y el mal clima.

El sueño es poder comprarse una finca para criar a los animales y poder sembrar mucho más.
En el tiempo libre le gusta jugar naipe y el carnaval.

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!

About Ecuador

  • $10,600
    Average annual income
  • 54
    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 $800 helped Luis Fausto to buy supplies for his farming business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 27, 2012
Listed
Mar 16, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2013