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Otto Olmedo
Otto Olmedo is 57 years old, married, and has children. He lives with his wife and 13-year-old grandson in Ventanas, a city in the province of Los Ríos.

He is a member of the "Bruniquilde" communal bank, which is located in the rural community of Calabi in the canton of Ventanas. The members earn their livings in agricultural work.

Otto Olmedo earns a living cultivating maize and beans.

He is requesting the loan to buy seeds, supplies, fertilizer, urea, manure, and weed killer.

He will buy these products in the city each week. With the help of the loan, he can invest in agriculture and upon selling the crops he can eliminate the debt. He faces challenges such as minor illnesses in the family.

His dream is to work this year to improve his living conditions.

In his free time, he likes to spend time with all of his children on weekends.
View original language description ↓
OTTO OLMEDO tiene 57 años de edad de estado civil casado tiene hijos, vive con la esposa y con el nieto de 13 años de edad en la Ciudad de ventanas provincia de los Ríos.

Es Integrante de la VRC BRUNIQUILDE, se encuentra ubicada en Recinto Calabi, Pertenece al Cantón Ventanas se dedican a labores Agrícolas.

OTTO OLMEDO se dedica a la agricultura a la siembra de maíz y fréjol. Solicita el crédito para comprar semillas, insumos, fertilizantes, urea, abonos, líquido mata monte.

Las compras de los productos las realizará en la ciudad de Ventanas cada semana. Con La ayuda del crédito podrá invertir en la agricultura y al vender los productos podrá cancelar la deuda.

Enfrenta desfíos cómo las pequeñas enfermedades de la familia. El sueño es trabajar este año para mejorar la condición de vida. En el tiempo libre le gusta reunirce los fines de semana en la casa con todos los hijos.

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!

About Ecuador

  • $10,600
    Average annual income
  • 94
    View loans »
    Ecuador Loans Fundraising
  • $24,193,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Otto Olmedo to buy seeds, supplies, fertilizer, urea, manure, and weed killer.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 15, 2012
Listed
Sep 7, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2013