The San Joaquín Communal Bank is located 15 minutes away from the Cooperativa San Jose office in Montalvo. This group consists of 12 members.
Mercedes Jannet has a shop where she sells food, including grilled meats on a stick. She is requesting a loan to buy meat, mayonnaise, mustard, and potatoes. Her purchases are made in the city of Babahoyo every 15 days and she sells in Montalvo every day. She dreams of continuing her work and being able to increase her capital. The challenges she faces include dealing with the competition and losing capital.
In her free time, Mercedes Jannet enjoys reading and playing sports.
La VRC San Joaquín se encuentra a 15 minutos de la oficina Montalvo, está conformada por 12 socios
MERCEDES JANNET tiene una tienda de víveres, además vende chuzos carne en palito. Solicita el crédito para comprar carne, mayonesa, mostaza, papas.
Las compras las realiza en la ciudad de Babahoyo cada quince días y las ventas lo hace en Montalvo diariamente.
Su sueño es seguir trabajando y poder aumentar el capital. Los desafíos a los que se enfrentan es la competencia y la pérdida del capital.
Su tiempo libre lo dedica a leer y hacer deporte.
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!
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Success!! The loan was 100% repaid