Update on Lorenzo UrbanoLorenzo Urbano is 54 years old and married with one son. He lives with his wife and son in the Ventanas province of Los Ríos.
The communal bank “La Verdad Nos Hará Libres” (The Truth Will Set Us Free) is located in the precinct of Caimito 1, belonging to the Canton of Ventanas. This communal bank is dedicated to short-cycle agricultural work sowing corn and rice.
Lorenzo Urbano works in agriculture, growing corn and rice. He buys his products in Ventanas and sells them in the same place.
The requested loan is for the purchase of supplies, such as urea, fertilizer, and liquid for weeds for growing corn and rice. The loan has helped him to buy supplies and increase his earnings for the well-being of his family.
His dream is to be able to buy land and a car. The obstacles that he confronts are pests in the fields. In his free time, he likes to read the Bible and rest.
La ventanilla LA VERDAD NOS HARA LIBRES se encuentra ubicada en el Recinto Caimito 1, perteneciente al cantón Ventanas, esta ventanilla se dedica a labores agrícolas de ciclo corto siembre de maíz y arroz.
Lorenzo Urbano se dedica a la agricultura a la siembra de maíz, arroz. Compra sus productos en Ventanas y las vende en la mismo lugar.
El crédito solicito para la compra de insumos, urea, fertilizantes, líquidos para la maleza para la siembra del maíz y arroz. El préstamo le ayudado para comprar los insumos y aumentar los ingresos para el bienestar de la familia. El sueño es poder comprar terrenos y un carro. Los desafíos a los que se enfrenta son las plagas en los sembrios. En los tiempos libres le gusta leer la Biblia y descansar.
Previous Loan DetailsLorenzo Urbano is 53 years old and is married. He lives with his wife and 14-year-old son in the Caimito 1 district in Ventanas Canton. The communal bank "LA VERDAD NOS HARA LIBRES" ["The Truth Will Set Us Free"] is located in the Caimito 1 district, which is part of Ventanas canton. The… More from Lorenzo Urbano'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