Update on Maria MagdalenaMaría Magdalena is 35 years old. She is single and has four children. She lives with her children and her parents in Ventanas in the province of Los Ríos.
She is a member of the "Luchando por una misma Causa" ("Fighting for the Same Cause") communal bank located in the rural community of La Primavera in Ventanas canton. This communal bank works in short-cycle agriculture growing corn and rice.
María Magdalena is a farmer and grows corn, rice, and beans. She also raises chickens and ducks. She will use the money to buy seeds, supplies, and urea. With the help of the loan, she will be able to grow her crops. She will make the purchases in the city of Ventanas.
Her dream is to start a clothing store.
The challenges she faces are crop infestations such as "langosta" and "Orosco". In her free time, she likes to dance.
Es Integrante de la VRC Luchando por una misma Causa, se encuentra ubicada en el recinto la Primavera, perteneciente al Cantón Ventanas, esta ventanilla se dedica a labores Agrícolas de ciclo corto siembra de maíz, arroz.
María Magdalena se dedica a la Agricultura al siembra de maíz, fréjol , arroz, además se dedica a la crianza de gallinas y patos. El dinero lo Utilizará para comprar semillas, insumos, urea. Con la ayuda del crédito podrá hacer crecer los cultivos. Las compras las realizará en la ciudad Ventanas.
El sueño es poner un negocio de venta de ropa.
Los desafíos a los que se enfrenta son las plagas la langosta y el Orosco. En el tiempo libre le gusta bailar.
Previous Loan DetailsMaria Magdalena, 35, is single and lives with her parents and her children in Ventanas Canton in the province of Los Ríos. The members of the Luchando por una Misma Causa communal bank are located in the precinct of La Primavera in Ventanas Canton. This communal bank works on short-cycle… More from Maria Magdalena'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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