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Mauricio Michael

Update on Mauricio Michael

Mauricio Michael, 21, is single with no children and lives with his parents in Ventanas in Los Ríos Province.

He is a member of the “Luchando por Una Misma Causa” (Striving for the Same Cause) communal bank which is located in Recinto La Primavera belonging to Ventanas Canton. This communal bank is involved in agricultural work related to short cycle corn and rice farming.

Mauricio Michael farms corn and beans. He will use the money to buy seed, supplies, fertilizer, urea and Ranger (insecticide). With the help of the loan he will be able to improve his crops. He’ll make his purchases in Ventanas. His dream is to remodel his house and install an irrigation system for the crops.

The challenges he faces are the locust plague. In his free time he likes to chat online.
View original language description ↓
Mauricio Michael tiene 21 años de edad es soltero no tiene hijos, vive con los padres en Ventanas Provincia de los ríos.

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.

Mauricio Michael se dedica a la Agricultura al siembra de maíz, fréjol. El dinero lo Utilizará para comprar semillas, insumos, abonos,urea, ranger. Con la ayuda del crédito podrá mejorar los cultivos. Las compras las realizará en la ciudad Ventanas. El sueño es remodelar la casa y poner un sistema de riego a los sembríos.

Los desafíos a los que se enfrenta son las plagas la langosta. En el tiempo libre le gusta chatear en el internet.

Previous Loan Details

Mauricio Michael, 21, is single living with his parents in Ventanas Canton in Los Ríos Province. The members of the “Luchando por Una Misma Causa” (Striving for the Same Cause) communal bank are located in Recinto La Primavera belonging to Ventanas Canton. This communal bank is involved in chor... More from Mauricio Michael'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

  • $10,600
    Average annual income
  • 50
    View loans »
    Ecuador Loans Fundraising
  • $24,308,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Mauricio Michael to buy seed, supplies, fertilizer, urea and Ranger (insecticide).
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 15, 2012
Listed
Nov 21, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2013