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Martin Manuel

Update on Martin Manuel

Martín Manuel is 40 years old. He is married and lives with his spouse and three children in Ventanas in the Los Ríos Province.

The communal bank La Verdad Nos Hará Libres is located in the San Vicente las Lomas precinct in the canton of Ventanas. This communal bank focuses on agricultural works in short cycle planting of corn, rice, beans, and soy.

Martín Manuel makes a living planting corn. He also works as a master builder. He makes both his purchases and his sales in Ventanas.

He is requesting the loan to buy seeds, urea (fertilizer), ranger (a type of pesticide), supplies, and manure to sow corn. The loan has helped him to increase his income for his family to use. He is challenged by plagues of armyworms, locusts and mice in his crops. His dream is to buy land to plant more corn and rice.

In his free time, he likes to play soccer.
View original language description ↓
Martín Manuel tiene 40 años es casado y vive con su cónyuge y con los tres hijos Vive en Ventanas Provincia de los ríos.

La ventanilla el LA VERDAD NOS HARA LIBRES se encuentra ubicada en el Recinto San Vicente las Lomas, perteneciente al cantón Ventanas, esta ventanilla se dedica a labores agrícolas de ciclo corto siembre de maíz y arroz, fréjol y soya.

Martín Manuel se dedica a la agricultura a la siembra de maíz, así también se dedica a la labor de maestro constructor. Las compras y las ventas lo hace en Ventanas.

El crédito solicito para la compra de semillas, urea, ranger, insumos, abonos para la siembra del maíz. El préstamo le ayudado para aumentar los ingresos para el consumo de la familia. Los desafíos a los que se enfrenta son las plagas el cogollero, la langosta, el ratón en los cultivos. El sueño es comprar terrenos para sembrar m{as maíz y arroz.

En los tiempos libres me gusta jugar futbol.

Previous Loan Details

Martín Manuel is 39 years old, married, and lives with his spouse and three children who are seven, nine and fourteen years old. He lives in the Caimito precinct in the canton of Ventanas. The communal bank La Verdad Nos Hará Libres is located in the San Vicente las Lomas precinct in the cant... More from Martin Manuel'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
  • 41
    View loans »
    Ecuador Loans Fundraising
  • $23,087,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Martin Manuel to buy seeds, urea (fertilizer), ranger (a type of pesticide), supplies, and manure to sow corn.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 6, 2012
Listed
Dec 27, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2013