Update on Milton JacintoMilton Jacinto, 32, lives with his common-law wife and five children in Ventanas in the province of Los Ríos. He belongs to the communal bank EL RECREO, located in the San Vicente Las Lomas Community which belongs to the Ventanas Canton. Here, people work in agriculture and livestock farming.
Milton Jacinto farms corn and rice, and raises pigs. He is requesting a loan to buy seeds, fertilizers, insecticides and balanced animal feed for the pigs. The loan will allow him to improve the crops and fatten the pigs so he can sell them at a good price.
He buys supplies in Ventanas every month. His goal is to have a good harvest and sell his animals well so he can build a house. The challenges he is up against are plant disease and competitive livestock prices.
In his free time, he enjoys playing sports with his children.
Pertenece a la VRC EL RECREO, se encuentra ubicada en el sector del recinto San Vicente las lomas, Perteneciente al Cantón Ventanas, esta ventanilla se dedica a labores pecuarias y agrícolas.
MILTON JACINTO se dedica a la agricultura a la siembra de maíz, arroz y a la crianza de cerdos. Solicita el crédito para comprar semillas, abonos, insecticidas y balanceado para engorde de cerdos. Con la ayuda del crédito podrá mejorar los cultivos y engordar a los cerdos para venderlo en un buen precio.
Las compras y las ventas lo hace en Ventanas cada mes. El sueño es poder tener buena cosecha y verder bien los animales para tener dinero para hacer una casa. Los desafíos a los que se enfrentan son las plagas y los precios de los animales de la competencia.
En el tiempo libre le gusta hacer deporte con los hijos.
Previous Loan DetailsMilton Jacinto, 32, is in a common law relationship and has five children; he lives with his wife and children in Ventanas, Los Ríos Province. He is a member of the “El Recreo” communal bank located in San Vicente Las Lomas belonging to Ventanas Canton; this communal bank is involved in… More from Milton Jacinto'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