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Washington Saturno

Update on Washington Saturno

Washington Saturno is thirty-nine years old and is married with four children. He lives with his children and wife in the city of Ventanas, in the Los Ríos province. He is a member of the "JERUSALEN" communal bank; it is located in the town of El Caimito, which belongs to Puerto Pechiche parish in the canton of Pueblo Viejo. The members of this communal bank work in short-cycle agriculture, planting corn, rice, and pigeon peas.

Washington Saturno has been doing farm work with corn and rice crops since he was eight years old. He is requesting the loan to buy seeds, insecticide, urea, liquid weed-killer, and to pay the day laborers. With the help of the loan, he will be able to buy the fertilizers he needs for his crops.

He does his buying and selling in the city of Ventanas, in the Los Rios province. The challenges he faces are the plagues and the bad climate.

His dream is to buy a farm and to plant cacao. In his free time he likes to play soccer and volleyball. He is very thankful for his previous loan because he was able to buy what was necessary for his crops.
View original language description ↓
Washington Saturno tiene 39 años de edad es casado tiene cuatro hijos, vive con los hijos y la esposa en la ciudad de ventanas provincia de los ríos.

Es integrante da la VRC JERUSALEN, se encuentra ubicada en el recinto el Caimito I, perteneciente a la parroquia Puerto Pechiche Cantón pueblo Viejo, Esta Ventanilla se dedica labores agrícolas de ciclo corto siembra de maíz, arroz, frejol Gandul.

Washington Saturno se dedica a la agricultura a la siembra de maíz, arroz desde hace 30 años. Solicita el crédito para comprar semillas, insecticidas, urea, líquido mata maleza y pagar a los jornaleros.

Con la ayuda del crédito podrá comprar el abono para la siembra. Las compras y las ventas las realizará en San Jacinto. Los desafíos a los que se enfrenta son las plagas y el mal clima.

El sueño es comprarse una finca y sembrar cacao. En el tiempo libre le gusta jugar futbol y boly.

Previous Loan Details

Washington Saturno is 38 years old. He is married and has 4 children. He lives with his wife and with his children, aged 16, 14, 12 and 9, in the canton of Ventanas, Los Rios province. The "JERUSALEN" communal bank is located in the town of El Caimito, which belongs to Puerto Pechiche parish in… More from Washington Saturno'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
  • 15
    View loans »
    Ecuador Loans Fundraising
  • $22,837,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Washington Saturno to buy seeds, insecticide, urea, liquid weed-killer, and to pay the day laborers.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 30, 2012
Listed
Nov 21, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2013