Elvira Yolanda is 63 years old, she lives in a common-law marriage and she has seven children. She lives with her husband and one son, because the others are married, in the precinct of San Joaquín in the canton of Montalvo in the Province of Los Ríos.
The communal bank of San Joaquín is 15 minutes away from the office in Montalvo and it is composed of 12 members.
Elvira Yolanda makes a living with her convenience store business and she is also a seamstress. She is requesting the loan to buy fabric for the school season, rice, sugar, bars of soap and shampoo. With the loan she will increase her store.
Her sales and purchases are done in the city of Babahoyo. Her dream is to increase her business to have a store with varied products. The challenge she faces is the competition.
Elvira spends her spare time sewing since she makes articles of clothing.
ELVIRA YOLANDA, de 63 años de edad, mantiene una relación de unión libre, tiene siete hijos, vive con el esposo y un hijo porque los demás son casados, en el Recinto San Joaquín del cantón Montalvo, Provincia de Los Ríos.
La VRC San Joaquín se encuentra a 15 minutos de la oficina Montalvo, está conformada por 12 socios.
ELVIRA YOLANDA se dedica a su negocio de tienda de víveres, también es costurera, Solicita el crédito para comprar tela para temporada de escuela, arroz, azucar, jabones, shampoo. Con la obtención del crédito incrementará su tienda.
Las compras y ventas las realiza en la ciudad de Babahoyo. El sueño es incrementar su negocio, mantener una tienda con productos variados.
Los desafíos a los que se enfrentan es la competencia. Su tiempo libre lo dedica a la costura ya que confecciona prendas de vestir.
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!