Update on Sergio EudoroSergio is 70 years old, married, and lives with his wife in Chimba. He works in agriculture and buys maize, wheat, and barley. He also sells grains. He needs the loan to invest in fertilizers, pesticides, and fungicides. It will also help him to invest in grains and crops to improve his profits.
Sergio's dream is to increase his sales in order to improve his business and his quality of life.
In his free time he likes to go for walks with his wife in the countryside.
Se dedica a la agricultura a la comprar de maíz, trigo y cebada además se dedica a la venta de granos.
El dinero del crédito necesita para invertir en fertilizantes, abonos, plaguicidas y fungicidas. El dinero le ayudado a invertir en los granos y en los cultivos para tener más ganancias.
El sueño de Sergio es incrementar las ventas para mejorar la calidad de vida y el negocio.
En los tiempos libres le gusta caminar con la esposa por el campo.
Previous Loan DetailsSergio is 70 years old, married, and lives with his wife in Chimbo. He works in agriculture buying corn, wheat, and barley. He also sells grains. He needs the loan money to investí in fertilizers, manure, pesticidas and fungicides. The money will help him investí in his grains and crops to… More from Sergio Eudoro'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
- Repayment Term
- 9 months (Additional Information)
- Repayment Schedule
- Nov 30, 2012
- Dec 26, 2012
- Currency Exchange Loss:
- Jul 19, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.