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Luis Edalio

Update on Luis Edalio

Luis Eladio is 49 years old, married, and has one child. He lives with his wife and son in San Miguel, which is in Bolívar Province.

Luis is a member of the Communal Bank “Patron San Miguel”, which is located in the community of Paila Loma in the canton of San Miguel. This community is 40 minutes away from the Chillanes branch office of Cooperativa San José. The members of this Communal Bank engage in agriculture and livestock breeding.

Luis Eladio is a farmer who grows corn, beans, blackberries, and peas. In addition he raises cattle, pigs, sheep, and chickens. He is requesting a loan in order to buy supplies for his crops such as fertilizers and composts, as well as cattle. With the help of this loan, he will be able to acquire cattle and increase his farming output. His purchases and sales are conducted in San Miguel.

Luis dreams of providing for his son’s education. His challenges include dealing with illnesses and the lack of money.

In his free time, Luis enjoys practicing sports and going for walks.

View original language description ↓
Luis Eladio tiene 49 años de edad es casado tiene 1 hijo, vive con la esposa y con el hijo en san Miguel provincia de bolívar.

Es integrante de la VRC PATRON SAN MIGUEL se encuentra ubicada en la comunidad Paila Loma Cantón San Miguel, a una distancia de 40 minutos a la oficina de la Cooperativa San José Agencia Chillanes, los socios se dedican a la agricultura y crianza de animales.

Luis Eladio se dedica a la agricultura ala siembra de maíz, fréjol, mora, alverja, además se dedica a la cría de ganado, cerdos, borregos, gallonas. Solicita el crédito para compra de insumos para los cultivos además de fertilizantes, abonos y ganado vacuno.
Con la ayuda del crédito podrá comprar el ganado y aumentar las crías. Las compras y las ventas lo hace en san Miguel

El sueño es poder dar el estudio a los hijos, Los desafíos a los que se enfrentan son problemas de enfermedades y la falta de dinero.

En el tiempo libre le gusta practicar el deporte y pasear.

Previous Loan Details

Luis Edalio is 48, married, and lives with his wife and son in Chillanes Canton in Bolívar Province. He is a member of the Patrón San Miguel Cooperativa Communal Bank, located in the village of Pailaloma, 60 minutes from the Cooperativa office for Chillanes Canton. The 13 members of this bank do ... More from Luis Edalio'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

  • $10,600
    Average annual income
  • 77
    View loans »
    Ecuador Loans Fundraising
  • $25,060,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Luis Edalio to buy fertilizers, compost, and cattle.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
May 31, 2012
Jun 30, 2012
Currency Exchange Loss:
Jun 17, 2013