Update on Hugo FranciscoHugo Francisco is 52 years old, in a common-law relationship, and has five children. He lives with his wife and children in Ventanas which is in Los Ríos Province.
Hugo Francisco is a member of the Communal Bank “Lucha Y Progresso” (Struggle and Progress). Its members are all farmers who live in the neighborhood sector of El Progreso. They grow corn, rice, as well as pigeon peas. Some of the members raise pigs and chickens.
Hugo Francisco is a farmer who grows corn. He is requesting a loan so that he can buy urea, compost, insecticides, Ranger (a brand of herbicide), and liquid weed killer. With the help of this loan, he will be able to buy fertilizers that he currently lacks for his crops.
His purchases and sales are conducted in Ventanas. Hugo’s dream is to plant cacao. The challenges he faces include dealing with pests and bad weather.
In his free time, Hugo Francisco enjoys playing indoor soccer.
Es integrante de la VRC LUCHA Y PROGRESO, sus miembros se dedican a la agricultura todos viven en el sector del recinto el Progreso siembran maíz y arroz, además fréjol gandúl y algunos crian chanchos y pollos.
Hugo Francisco se dedica a la agricultura a la siembra de maíz. Solicita el crédito para comprar urea, abonos, insecticidas, ranger, líquido mata maleza.
Con la ayuda del crédito podrá comprar los fertilizantes que le hace falta para los cultivos.
Las compras y las ventas lo hace en Ventanas. El sueño es poder sembrar cacao. Los desafíos al que se enfrenta son las plagas, el mal clima. En el tiempo libre le gusta jugar indor.
Previous Loan DetailsHugo Francisco, 50, lives with his wife and five children in Ventanas in the province of Bolívar. He is a member of the communal bank LUCHA Y PROGRESO, whose members are farmers and all live in the Progreso Community where most of them grew up. Hugo Francisco farms corn for a living. He is r... More from Hugo Francisco'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