Carlos Augusto is 32. He has 2 children, who are 9 and 4. He lives with his wife and children in San Joaquín in the Montalvo canton in the Los Ríos province. The San Joaquín communal bank is located 15 minutes from the Montalvo office and is made up of 12 members. Carlos Augusto makes a living through agriculture. He grows rice. He will put the money from this loan towards the purchase of urea, fertilizer, and supplies for pests, with the goal of improving his crops. He makes his purchases and sales in the city of Montalvo on a weekly basis. His dream is to buy his own home in Montalvo and start a business to be secure in his old age and to take good care of his children. The challeges that he faces are the presence of pests on his crops and the inclemency of the rain. In his free time, he does work around the house and helps his wife take care of their children.
Carlos Augusto, de 32 años de edad vive en unión libre tiene dos hijos, de 9 y 4 años vive con la esposa e hijo, 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.
Carlos Augusto se dedica a la agricultura, al cultivo de arroz, el dinero de este crédito lo destinara a la compra de urea, abonos e insumos para las plagas, con la finalidad de mejorar sus cultivos.
Las compras y ventas las realiza en la ciudad de Montalvo de manera semanal.
El sueño es comprase una casa propia en Montalvo, para ponerse un negocio y así asegurar su vejez y la superación de sus hijos.
Los desafíos a los que se enfrentan es la presencia de plagas en los cultivos y la inclemencia de las lluvias. Su tiempo libre lo dedica a trabajos de la casa y ayudar a si esposa con el cuidado de sus hijos.
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!