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Maria Magdalena

Update on Maria Magdalena

Maria Magdalena is 58 and lives with her husband and children. She lives in the Ventanas canton of the Los Rios province.

The name of her solidarity lending group is VRC San Francisco de Sibimbe. They are located in the Sibimbe precinct, Ventanas canton. The group has 20 members who are all short cycle farmers who plan corn and rice.

Maria Magdaena works in agriculture, planting corn and rice, in addition to raising chickens, ducks, and pigs. Every 15 days she goes to the city of Ventanas to do her buying and selling.

She is requesting the loan to purchase seeds, urea and other fertilizers, and liquid herbicide. With the support of the loan, she will have the economic means to buy everything she needs. The challenges she faces are potato blight and pests, including armyworm and mice that damage her crops. Her dream is to purchase her own land and build a house.

In her free time, she enjoys spending time with family.
View original language description ↓
Maria Magdalena tiene 58 años, es casada vive con el esposo y con los hijos. Vive en El Cantón Ventanas Provincia de Los Ríos.

Esta Ventanilla se llama VRC SAN FRANCISCO DE SIBIMBE, se encuentra ubicada en el Recinto Sibimbe, perteneciente al Cantón Ventanas, esta ventanilla tiene 20socio los cuales se dedican a labores agrícolas de ciclo corto siembran maíz y arroz..

Maria Magdalena se dedica a la agricultura a la siembra de maíz,arroz, además se dedica a la cría de pollos, patos y cerdos. Las compras y las ventas lo realizarán en la ciudad de Ventanas cada 15 días.

Solicita el crédito para la compra de semillas, urea, fertilizantes , líquido mata maleza. Con el apoyo del crédito le ayudaría económicamente para suplir sus necesidades. Enfrentar desafíos como plagas del cogollero, ratón y la lancha que dañan los cultivos. El sueño es comparase un terreno y construir una casa.

En el tiempo libre le gusta pasear con la familia.

Previous Loan Details

Maria Magdalena is 57 years old and married, she lives with her husband and children. She lives in the Ventanas Canton in the Province of Los Rios. This group is called SAN FRANCISCO DE SIBIMBE, and it is located in the Sibimbe district in the Ventanas Canton. This group has 20 members who w... More from Maria Magdalena'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
  • 95
    View loans »
    Ecuador Loans Fundraising
  • $24,212,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Maria Magdalena to purchase seeds, urea and other types of fertilizer, and pesticide.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 3, 2012
Listed
Aug 30, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 19, 2013