Update on Joseph FabricioJoseph Fabricio, 24, is married living with his wife and son in Ventanas Canton, Los Ríos Province. This communal bank is called “San Francisco de Sibimbe” and it’s located in Recinto Sibimbe belonging to Ventanas Canton. It has 20 members who work in short cycle corn and rice farming.
Joseph Fabricio grows corn, rice and soya and also raises chickens and ducks. His purchases and his sales take place every two weeks in Ventanas.
He is requesting the loan to buy seeds, urea, insecticide, fertilizer and manure. With support from the loan he will be able to work freely with capital of his own. His dream is to have a business of his own and to get ahead with his wife and children. In his free time he likes going out into the countryside with his family.
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..
Joseph Fabricio se dedica a la agricultura a la siembra de maíz, arroz, soya, además se dedica a la crianza de pollos y patos. Las compras y las ventas las realiza en ventanas cada 15 días.
Solicita el crédito para la compra de semillas, urea, insecticidas, fertilizantes y abonos. Con el apoyo del crédito podrá trabajar libremente con el propio capital. El sueño es tener un negocio propio y salir adelante con los hijos y la esposa.
En el tiempo lire le gusta salir a pasear por el campo con la familia.
Previous Loan DetailsJoseph Fabricio is 23 years old, and he is married. He lives with his wife and his son in the Ventanas canton, Los Ríos province. His Communal Bank is called San Francisco de Sibimbe. It is located in the Sibimbe precint, which is in the Ventanas canton. The communal bank has 20 members who… More from Joseph Fabricio'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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