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Manuel

Update on Manuel

Manuel is 72 years old and is married. He has on child and lives with his wife and daughter in the canton of Chillanes located in the province of Bolívar. Manuel makes a living in agriculture planting corn, beans, peas, and lentils, etc.

He is requesting a loan to buy necessary supplies like one quintal [100 lbs.] of urea, two quintales [200 lbs.] of manure, and three liters of fertilizers to fumigate. "With the help from this loan I will have notably improved harvests and will be able to give my daughter a better style of life." He frequently purchases agricultural supplies in the canton of Chillanes every eight days.

His dream is to see his daughter progress in her studies and to increase his income so that he can have a better style of life and increase his crops. The challenges he faces are bad roads, bad weather that can damage his crops, and the loss of his harvests.

In his free time he likes to go out with his family, watch soccer matches, and go listen to the Carnaval.
View original language description ↓
Manuel tiene 72 años de edad es casado, tiene un hijo, vive con su esposa e hija en el Cantón Chillanes Provincia Bolívar.
Manuel se dedica a la agricultura siembra maíz, frejol, arveja, lenteja, etc.
Solicita el préstamo para comprar insumos necesarios como urea 1qq, abono 2qq y fertilizantes 3 litros para fumigar.
Con la ayudad del crédito tendré una notable mejora en las cosechas y así podre darle un mejor estilo de vida a mi hija.
Las compras de insumos agrícolas lo realizan con frecuencia en el Cantón Chillanes cada ocho días.
El sueño es ver a su hija progresar en sus estudios, e incrementar sus ingresos para tener un mejor estilo de vida y aumentar sus sembríos.
Los desafíos a los que se enfrenta son las vías en mal estado, que el mal tiempo podría dañar sus sembríos y perdería sus cosechas.
En el tiempo libre le gusta salir de paseo junto a su familia, ver partidos de futbol, y escuchar el Carnaval.

Previous Loan Details

Manuel L. Q., 70, is married living with his wife in Chillanes canton, Bolívar province. He has five children, all now married. The “JESUS DEL GRAN PODER” communal bank is in San Ramón which is located in Chillanes canton, 35 minutes from the Chillanes Office. All the members of this communa... More from Manuel's previous loan »

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!

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.

About Ecuador

  • $10,200
    Average annual income
  • 31
    View loans »
    Ecuador Loans Fundraising
  • $22,854,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Manuel to buy fertilizers, urea, manure, and seeds.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 23, 2012
Listed
Apr 30, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 18, 2013