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Maria Teresa

Update on Maria Teresa

María, 42, is married. She lives with her husband and children in Ventanas Canton, Los Ríos Province.

She’s a member of the “Venceremos Unidos” (We Will Triumph Together) communal bank located in Recinto Anchoveta on the way to Recinto La Templanza that belongs to Pueblo Viejo Canton. This communal bank is involved with agricultural activities related to short cycle corn and rice crops.

María Teresa has been growing corn and rice for several years now. She buys her products in Ventanas and sells them in a market there and in Pueblo Viejo Canton. She’s asking for the loan to buy manure, urea and liquid fertilizer for the crops. The loan has helped her to increase her income for her family’s consumption and to invest. Her dream is to buy refrigerator for her home because the food is spoiling. She enjoys washing clothes in the river and ironing.
View original language description ↓
María tiene 42 años de estado civil Casada vive con el esposo y con sus hijos, Vive en el Cantón Ventanas provincia los Ríos.

La ventanilla se llama VENCEREMOS UNIDOS se encuentra ubicada en el Recinto Anchoveta vía al Recinto La Templanza, perteneciente al cantón Pueblo Viejo, esta ventanilla se dedica a labores agrícolas de ciclo corto siembre de maíz y arroz.

María Teresa se dedica a la agricultura a la siembra de maíz y arroz desde hace algunos años. Compra sus productos en Ventanas y las vende en el mercado del mismo lugar y en Cantón Pueblo Viejo.

El crédito solicito para la compra de abono, urea, líquidos fertilizantes para la siembra del maíz y arroz. El préstamo le ayudado para aumentar los ingresos para el consumo de la familia y para invertir. Su sueño es comprar una refrigeradora para su casa porque la comida se esta dañando.
Le gusta lavar la ropa en el rio y planchar.

Previous Loan Details

María Teresa is 40 years old and married. She lives with her husband and children in Ventanas canton, in Los Ríos province. The 'Vencedores Unidos' community bank is located in Anchoveta, on the road to L. Templanza, in Pueblo Viejo canton. The members of this bank work in short-cycle… More from Maria Teresa'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

  • $10,200
    Average annual income
  • 21
    View loans »
    Ecuador Loans Fundraising
  • $22,604,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Maria Teresa to buy fertilizer, urea and liquid feritlizers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 13, 2012
Listed
Sep 7, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 19, 2013