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Angelita Magdalena

Update on Angelita Magdalena

Angelita Magdalena is 45 years old. She lives with her common-law partner and has a 25-year-old son. She lives in Ventanas, in the province of Los Rios.

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 the Ventanas canton. The members of this communal bank work in short-cycle agriculture, planting corn and rice.

Angelita Magdalena works in agriculture, planting corn and rice. She buys her supplies in Ventanas and sells her products in the same place.

She is applying for the loan to buy seeds, supplies, fertilizers, and Ranger (weed killer) to plant corn. The loan will help her buy the fertilizers. Her dream is to always have the help of the cooperative and the Kiva organization to be able to plant. The challenges that she faces are plagues and having a good production.

In her free time she likes to praise God.
View original language description ↓
Angelita Magdalena tiene 45 años vive en unión libre junto a la pareja tiene un hijo de 25 años de edad, vive en Ventanas Provincia de los rìos.

La ventanilla LA VERDAD NOS HARA LIBRES se encuentra ubicada en el Recinto el Caimito 1, perteneciente al cantón Ventanas, esta ventanilla se dedica a labores agrícolas de ciclo corto siembre de maíz y arroz.

Angelita Magdalena se dedica a la agricultura a la siembra de maíz, arroz. Compra sus productos en Ventanas y las vende en el mismo lugar.

El crédito solicita para la compra de semillas, insumos, fertilizantes, ranger para la siembra del maíz, El préstamo le ayudado para comprar los fertilizantes. el sueño es contar siempre con la ayuda de la cooperativa y la organización kiva para poder sembrar. Los desafìos a los que se enfrentan son las plagas y tener una buena producción.

En los tiempos libres le gusta alabar a Dios.

Previous Loan Details

Angelita Magdalena is 44, and is in a common-law relationship with her partner. She has a 25 year-old son, and lives in Recinto Caimito 1, in Ventanas canton. The "La Verdad Nos Hará Libre" (The Truth Shall Make Us Free) communal bank is located in Recinto Caimito 1, which is part of Ventanas... More from Angelita Magdalena'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

  • $10,600
    Average annual income
  • 95
    View loans »
    Ecuador Loans Fundraising
  • $24,107,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Angelita Magdalena to buy seeds, supplies, fertilizer, and Ranger (weed control) to plant 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