Update on Luis OctavioLuis Octavio is 53 years old, he is married with two children, and he lives with his wife and children in Chillanes canton, Bolívar province. He belongs to the Balacelo communal bank, made up of 10 members. Luis Octavio works in farming, sowing corn, beans, peas and palm hearts.
He is asking for a loan to buy the supplies needed for farming such as 2 quintals of urea, 1 quintal of manure, and fertilizers. With this loan, he will be able to buy the supplies needed to obtain good crops and therefore get better profits. He buys the required products in Chillanes canton every fortnight.
His dream is to increase the bean crops, which would give him better profits and give his young children an education. The challenges which he faces are that the roads are in a bad condition, loss of crops due to poor weather and health problems.
In his free time, he likes relaxing, spending time with his children and he likes listening to carnival music.
Luis Octavio se dedica a la agricultura a la siembra de maíz, fréjol ,arveja y palmitos.
Solicita el crédito para comprar insumos necesarios para la agricultura como son urea 2qq, abono 1qq y fertilizantes.
Con la ayuda del crédito podrá comprar los insumos requeridos para tener buenas cosechas y asi obtendra mayores ingresos.
Las compras de los productos necesarios las realiza frecuentemente en el Cantón Chillanes cada quince días.
El sueño es incrementar las cosechas de frejol lo cual le permitira tener mejores ingresos y dar la educación a sus hijos pequeños.
Los desafíos a los que se enfrenta son a las vías en mal estado perdida de las cosechas por el mal clima y problemas de salud.
En el tiempo libre le gusta descansar, pasar más tiempo junto a sus hijos y le gusta escuchar la música del Carnaval.
Previous Loan DetailsLuis Octavio C. Y., 52, is married living with his wife and children in Chillanes canton, Bolívar province. He has four children. The JESUS DEL GRAN PODER communal bank is located in San Ramón which is in Chillanes canton, 35 minutes from the Chillanes office. The members of this communal bank… More from Luis Octavio'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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Success!! The loan was 100% repaid