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Jose Agustin

Update on Jose Agustin

José Agustina, 54, is married and lives with his wife and children. He lives in Aguas Frías de Mocache rural community in the Mocache Canton.
The communal bank EL PROGRESO is located in the same community and belongs to the Mocache Canton. Its members are short-cycle crop farmers who grow corn and rice.

José Agustín is a farmer who grows corn and rice. He buys supplies in Mocache and sells his produce at the market in Mocache.

He is requesting a loan to buy seeds, fertilizer, urea, insecticide and compost for his crops. The loan will help him increase his income to provide for his family. His dream is to buy land. The challenges he faces are plagues that affect his corn and rice crops.

He enjoys playing sports in his free time.
View original language description ↓
José Agustina tiene 54 años es casado vive con la esposa y con los hijos. Vive en el Recinto Aguas frías de Mocache, Cantón Mocache.

Ventanilla EL PROGRESO se encuentra ubicada en el Recinto Aguas Frías de Mocahe, perteneciente al cantón Mocache, esta ventanilla se dedica a labores agrícolas de ciclo corto siembra de maíz, arroz.

José Agustín se dedica a la agricultura a la siembra de maíz y arroz. Compra y vende los productos en Mocache.

El crédito lo solicita para la compra de semillas, fertilizantes, urea, insecticidas, abonos orgànicos para los cultivos. El préstamo le ayudado a aumentar los ingresos para bienestar de la familia. El sueño es comprar un terreno. Los desafìos a los que se enfrenta aon las plagas en el maìz y el arroz. En el tiempo libre le gusta practicar el deporte.

Previous Loan Details

José Agustín, 53, is married and lives with his wife and children in the Aguas Frías de Mocache rural community in the Mocache Canton. The communal bank EL PROGRESO is located in the same community and belongs to the Mocache Canton. Its members are short-cycle crop farmers who grow corn and… More from Jose Agustin'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
  • 12
    View loans »
    Ecuador Loans Fundraising
  • $22,566,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Jose Agustin buy seeds, fertilizers, urea, insecticide and compost.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 3, 2012
Listed
Dec 18, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 19, 2013