Update on Marlene MercedesMarlene is 35 years old and lives with her common-law husband and 3 children. She lives in the city of Ventanas in the Provincia De Los Rios.
The community bank Bendición de Dios is located in the Rancho Grande precinct of the parish of Puerto Pechiche The members do agricultural and livestock work.
Marlene works in agriculture and grows corn and rice, and also works raising animals such as chickens, ducks, pigs, and turkeys. She is requesting a loan to buy urea, insecticides, and vaccinations for the pigs.
With the help of the loan, she will be able to buy what she needs for farming. She will make the purchases in Ventanas. Her dream is to be successful thanks to the loan that we award to the cooperative. The challenge is not having her own capital. She spends her free time with her children.
La VRC Bendición de Dios se encuentra ubicada en el Recinto Rancho Grande de la Parroquia Puerto Pechiche, se dedican a labores agrícolas y pecuarias.
MARLENE se dedica a la agricultura a la siembra de maíz, arroz a de mas se dedica a la crianza de animales como gallinas, patos, cerdos, pavos. Solicita el credito para comprar de urea, insecticidas, líquido mata plagas, polvillo, morocho, vacunas para los cerdos.
Con la ayuda del cerdito podrá comprar lo necesario para la agricultura. Las compras las hacen en Ventanas. El sueño es salir a delante gracias al crédito que nos otorga la cooperativa. Los desafíos es no contar con un capital propio. Su tiempo libre se los dedica a sus hijos.
Previous Loan DetailsMarlene Mercedes, 34, lives in a common-law relationship and has three children. She lives with her partner and children in Rancho Grande precinct in Ventanas canton. Bendición de Dios [God's Blessing] communal bank has 11 members and is located in Rancho Grande precinct in Puerto Pechiche parish,… More from Marlene Mercedes'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