Update on Miguel HernanMiguel Hernan is 36 years old. He is married and lives with his wife and children in the village of Ventanas in Los Ríos province.
The members of the Ciudadela Los Angeles village bank meet in the Angeles neighborhood in Ventanas. They make a living cultivating corn and rice.
Miguel is a corn and rice farmer. He buys supplies in Comercial Procan and sells his harvests at the Ventanas market.
He is requesting a loan in order to buy supplies and fertilizer for his crops. The loan will help him finance his needs. His dream is to increase his crop yield.
He likes to play sports with his family.
Los miembros de la V.R.C. CIUDADELA LOS ANGELES, se encuentra ubicada en el recinto los Ángeles, perteneciente al Cantón Ventanas, esta ventanilla se dedica a labores como siembre de maíz y arroz.
Miguel se dedica a la agricultura a la siembra de maíz y arroz . Compra sus productos en Comercial Procan y los vende en el mercado mayorista de Ventanas.
Solicita el crédito para sembrar maíz y arroz, compra de insumos y fertilizantes para los cultivos. Con el apoyo del crédito le ayudaría económicamente para suplir sus necesidades. Su sueño es aumentar la produccion.
Le gusta hacer deporte con la familia.
Previous Loan DetailsMiguel Herman is 35, married and lives with his wife and children in the Ventanas Canton in the province of Los Ríos. The communal bank CIUDADELA LOS ANGELES is located in the community of Los Ángeles, which belongs to the Ventanas Canton. This group is involved in agriculture, mainly growing… More from Miguel Hernan'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