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Victor Santiago

Update on Victor Santiago

Victor Santiago is 64 years old and single. He has four children, but they don't live with him. He lives in Ventanas canton in De los Ríos province.

The "14 of December" communal bank is made up of 15 members of Cooperativa San José, and is located in the San Vicente area of Las Lomas, in Ventanas canton. The members engage in farming, such as growing corn.

Victor Santiago is a farmer and grows corn, plantains, cacao, rice and beans. He buys his products in Ventanas, and sells his produce in the market of the same place and in markets in the surrounding area.

He applied for the loan to buy seeds, manure, urea, and liquid fertilizers for growing corn. The loan has helped him increase the family's income. His dream is to buy a piece of land for building a home.

In his free time, he likes to watch television.
View original language description ↓
VICTOR SANTIAGO tiene 64 años de estado civil Soltero vive tiene 4 hijos pero no viven con el. Vive en el Cantón Ventanas provincia de Los Ríos.

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.

VICTOR SANTIAGO se dedica a la agricultura a la siembra de maíz, plátano, cacao, arroz,fréjol. Compra sus productos en Ventanas y las vende en el mercado del mismo lugar y en las ferias de los alrededores.

El crédito solicito para la compra de semillas, abono, urea, líquidos fertilizantes para la siembra del maíz. El préstamo le ayudado para aumentar los ingresos de la familia. El sueño es comprar un terreno para construir una casa.

En los tiempos libres le gusta ver la television.

Previous Loan Details

Víctor Santiago is 63 years old and single. He has four children but they do not live with him. He lives in Cantón Ventanas, located in Los Ríos province. The communal bank, called 14 de Diciembre, comprises fifteen members from Cooperativa San José and is located in the San Vicente de las Lom... More from Victor Santiago's previous loan »

Additional Information

About Cooperativa San Jose

This 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.

About Ecuador

  • $10,600
    Average annual income
  • 53
    View loans »
    Ecuador Loans Fundraising
  • $24,996,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Victor Santiago to buy seeds, manure, urea, and liquid fertilizers for growing corn.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Jul 23, 2012
Aug 29, 2012
Currency Exchange Loss:
Feb 15, 2013