Update on Luis AlfredoLuis is 25 years old, lives in a free union, and has a daughter. He lives with his wife and daughter in Ventanas Canton in the Los Ríos Province.
Cevallos Communal Bank is located in the rural community of San Francisco, in the parish of San Juan de Pueblo Viejo. Its members make their living doing agricultural work.
Luis Alfredo makes his living raising animals such as hens and pigs. He is applying for a loan to buy chickens, ducks, pigs and feed. With the support of the loan, he will be able to buy more animals to raise. His dream is to buy a house. In his free time, he walks with his daughter.
VRC CEVALLOS, SE ENCUENTRA UBICADA EN EL RECINTO SAN FRANCISCO, PERTENECE A LA PARROQUIA SAN JUAN DE PUEBLO VIEJO SE DEDICAN A LABORES AGRICOLAS.
Luis Alfredo se dedica a la cría de animales como gallinas y cerdos. Solicita el crédito para comprar pollos, patos, cerdos y alimentacion.Con el apoyo del crédito podrá comprar mas animales para la cría.
El sueño es comprar una casa.En su tiempo libre caminar con la hija.
Previous Loan DetailsLuis Alfredo is 24 and lives in a common-law marriage, and has a daughter. He lives with his wife and two-year-old daughter in the Ventanas Canton, Province of Los Rios. The communal bank "Cevallos" is located in the region of San Francisco. It belongs to the parish San Juan de Pueblo Viejo.… More from Luis Alfredo'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
- 8 months (Additional Information)
- Repayment Schedule
- At end of term
- Dec 6, 2012
- Jan 1, 2013
- 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.