Update on Maria OlgaMaría Olga is 40 years old, single and has one daughter. She lives with her mother and daughter in the town of Cuatro Esquinas, Guaranda, Bolivar Province.
The Central Cuatro Esquinas Communal Bank is made up of 12 members who come from Cuatro Esquinas. The members are involved in various trades such as agriculture, raising animals, trade and others.
María Olga raises animals such as chickens and pigs as well as agriculture as she sows potatoes and corn.
She buys and sells in the city of Guaranda. She is requesting the loan to buy seeds, urea, insecticides, chickens and pigs. This loan would help her bring in more income. Her dream is to be able to expand the business.
Her biggest challenge is competition. In her free time she likes to relax and enjoy Christmas festivities.
LA VRC Cuatro Esquinas Central está formada por 12 socios que pertenecen al sector cuatro esquinas, los socios se dedican a diferentes actividades como son agricultura, crianza de animales, comercio y otros.
María Olga se dedica a al crianza de animales cómo pollos, cerdos y la agricultura siembra papas, maíz.
Las compras y las ventas los realiza en Guaranda, Solicita el crédito para comprar semillas, urea, insecticidas, pollos, cerdos. Con la ayuda del crédito le ayudaría a tener otros ingresos. El sueño es poder incrementar el negocio.
Los desafíos a los que se presenta es la competencia. En los tiempos libres le gusta descansar y disfrutar de las festividades de la navidad.
Previous Loan DetailsMaría Olga is 38, and a single mother. She lives with her mother and daughter, who is 12, in Guaranda, Cuatro Esquinas, Bolivar Province. The lending community of Cuatro Esquinas Central has 12 members, and they are involved in varied trades such as agriculture, raising animals, sales and other… More from Maria Olga'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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Success!! The loan was 100% repaid