Update on Cosme OlivioCosme Olivio, age 60, is married and lives with his wife. He has three children, but all of them are married. He lives in the Ventanas canton in the Los Ríos province.
The members of the “Divino Niño” (Divine Child) Communal Bank live in the Estero Lindo precinct. The members of this bank devote themselves to growing short cycle corn and rice.
Cosme devotes himself to growing corn, cacao, onions and rice. He buys the products in Ventanas.
He is asking for this loan to buy seeds, fertilizer, urea and insecticides. The support of the loan will help him to financially supply his necessities.
He faces challenges like pest infestation by the tobacco budworm.
His dream is to buy a finca and a house.
In his free time he likes to do sports and to enjoy precinct holidays with his family.
Los miembros de la V.R.C. EL DIVINO NIÑO, se encuentra ubicada en el recinto Estero Lindo, perteneciente al Cantón Ventanas, esta ventanilla se dedica a labores agrícolas de ciclo corto como siembre de maíz y arroz.
Cosme Olivio se dedica a la agricultura a la siembra de maíz, cacao, cebolla, arroz. Las compras de los productos lo hace en Ventanas.
Solicita el crédito para compra de semillas, abonos, urea, insecticidas. Con el apoyo del crédito le ayudaría económicamente para suplir sus necesidades. Enfrenta desafíos como plagas en los cultivos cómo el cogollero. El sueño es comprar una finca y una casa.
En el tiempo libre le gusta practicar el deporte y disfrutar de las festividades del recinto en compañia de la familia.
Previous Loan DetailsCosme Olivio, age 60, is married and lives with his wife. He has three children, but all of them are married. He lives in the Ventanas canton in the Los Ríos province. The members of the “Divino Niño” (Divine Child) Communal Bank live in the Estero Lindo precinct. The members of this bank d... More from Cosme Olivio'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