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Marcila Magdalena
Marcila Magdalena is 70 years old, and is divorced without any children. She lives with her family members in Chimbo, in the province of Bolivar. Marcila Magdalena owns and operates a general store that sells a little bit of everything.

With the support from this loan, she plans to purchase additional merchandise to further stock her business and increase her income. She buys products in Guaranda for resale in her store, and her dream is to improve her quality of life. In her free time, she likes to walk.
View original language description ↓
MARCILA MAGDALENA tiene 70 años de edad es divorsiada no tiene hijos, vive con los familiares en Chimbo provincia de Bolívar.

MARCILA MAGDALENA tiene una tienda y vende de todo. Solicita el crédito para comprar 2 quintales de arroz, dos de azucar, aceite, sal.

Con la ayuda del crédito podrá comprar la mercadería que tanta falta le hace para incrementar la tienda y por ende los ingresos.

Las compras lo hara en Guaranda. El sueño es poder mejorar el nivel de vida. En el tiempo libre le gusta caminar.

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!

About Ecuador

  • $10,200
    Average annual income
  • 21
    View loans »
    Ecuador Loans Fundraising
  • $22,604,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Marcila Magdalena to purchase rice, sugar, oil and salt.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 9, 2012
Listed
May 22, 2012
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2013