Update on Elias FranciscoElias Francisco is 29 years old. He is single, lives with his father and has no children. He lives in Ventanas Canton, de Los Ríos Province.
The communal bank, "14 De Diciembre" (14th of December) is made up of 15 members of the San José Cooperative. It is located in San Vicente de las Lomas Precinct, which belongs to Ventanas Canton. The members make their livings in agricultural labors, like planting corn.
Elias Francisco makes his living in agriculture. He plants corn, rice and pigeon peas. He purchases his supplies and sells his products in Ventanas.
Elias Francisco is requesting the loan to purchase corn seed, compost, urea and liquid fertilizers. The loan will him to increase his family's income. His dream is to buy a car.
In his free time, Elias Francisco likes to play indoor soccer.
La ventanilla 14 DE DICIEMBRE esta conformado por 15 socios de la cooperativa San José, se encuentra ubicada en el Recinto San Vicente de las Lomas, perteneciente al Cantón Ventanas se dedican a labores agrícolas como la siembra de maíz.
Elias Francisco se dedica a la agricultura a la siembra de maíz, arroz y fréjol galdúl. Compra sus productos en Ventanas y las vende en la misma ciudad.
El crédito solicita para la compra de semillas de maíz, abono, urea, líquidos fertilizantes. El préstamo le ayudado para aumentar los ingresos de la familia. El sueño es comprar un carro.
En los tiempos libres le gusta jugar indor.
Previous Loan DetailsElias Francisco is 28 years old and single. He lives with his father in the Ventanas canton in the Los Ríos province and doesn't have any children. The communal bank 14 de Diciembre [December 14] is made up of 15 members of the San José cooperative. It is located in the San Vincente de las… More from Elias Francisco'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