Update on Hugo AntonioHugo Antonio, 47, lives in the Ecuadorean province of Los Rios with his wife and 17-year old son.
The members of the CIUDADELA LOS ANGELES community bank, in Los Angeles, a rural town in Ventanas canton, make their livings growing farm crops such as maize and rice.
Hugo Antonio grows maize and rice. He buys supplies in Comercial Procan and sells what he produces in the wholesale market in Ventanas.
He is applying for a loan that he will use to buy the supplies he needs for growing maize and rice. The investment will help him to continue his farming business. He faces challenges such as a lack of funds for paying the laborers who help him on the farm. For the future, he wants to buy more land.
In his spare time, Hugo Antonio likes to play sports with his son.
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.
Hugo 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. Enfrenta desafios como la falta de dinero para pagar a los trabajadores. Su sueño es comprar mas terreno para seguir sembrando.
Le gusta hacer deporte con el hijo.
Previous Loan DetailsHugo Antonio is 46 years old, married, and lives with his wife and a son aged 17 in Ventanas canton, De los Rios province. The members of the “Ciudadela Los Angeles” (Fortress of the Angels) communal bank are located in the Los Angeles neighborhood of Ventanas canton. The bank's members are… More from Hugo Antonio'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