Update on Fausto XavierFausto Xavier, 22, is single, has a two-month-old son, and lives with his parents in Ventanas in Los Ríos province. He is a member of the communal bank "el DIVINO NIÑO" [Divine Child], which is located in Estero Lindo in Ventanas canton. The group performs seasonal farmwork, planting corn and rice.
Fausto Xavier grows corn and also raises livestock. He buys and sells in Ventanas. He is requesting the loan to buy seeds, fertilizers, supplies, and weed killer so that he can plant and earn more profit. He faces challenges such as bollworm infestation. He dreams of having a better life and likes to play sports in his free time.
Es integrante de la VRC DIVINO NIÑO, se encuentra ubicada en el Recinto Estero Lindo, perteneciente al Cantón Ventanas, esta Ventanilla se dedica a labores Agrícolas de ciclo corto siembra de maíz, arroz.
Fausto Xavier se dedica a la Agricultura a la siembra de maíz, además se dedica a la crianza de animales. Las compras y las ventas de los productos lo hace en ventanas.
Solicita el crédito para comprar semillas, urea, abonos, fertilizantes, insumos, ranger. Con el apoyo del crédito podrá realizar la siembra y obtener mejores utilidades, Enfrenta desafíos como las plagas de cogollero.
El sueño es tener una mejor calidad de vida .En el tiempo libre le gusta practicar el deporte.
Previous Loan DetailsFausto Xavier is 21 years old. He is single, doesn't have any children, and lives with his parents in Ventanas canton, in Los Ríos province. The "EL DIVINO NIÑO' community bank is located in Estero Lindo, in Ventanas canton. The members of this bank work in short-cycle agriculture, growing c... More from Fausto Xavier'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