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Olivo Floresmilo

Update on Olivo Floresmilo

Olivo is 62 years old, married, and has eight children. He lives in the canton of Chillanes, which is in Bolívar Province.


Olivo was a member of the Communal Bank “Progreso Comunitario” (Community Progress). However, the group disbanded, so he is requesting a loan on his own. Olivo is a farmer who grows corn and cacao. His loan will be used to buy urea, insecticides, pesticides, and other farming supplies.


With the support of this loan, he will be able to buy what he needs for his farming activities. His purchases are conducted in Chillanes. His dream is to have good crops this year.


In his free time, Olivo enjoys practicing sports, especially volleyball. He says, “I am very grateful for the previous loan.”

View original language description ↓
Olivo tiene 62 años de edad es casado tiene 8 hijos vive en el cantón de Chillanes de la Provincia Bolívar.

Olivo pertenecia a la ventanilla rural Progreso Comunitario pero por motivos de desintegración del grupo realiza el crédito solo.

Olivo se dedica a la agricultura a la siembra de maíz y cacao. Solicita el credito para comprar insumos, urea, insecticidas, plaguisidas.

Con el apoyo del préstamo podrá comprar lo necesario para la agricultura. Las compras las realizará en Chillanes.El sueño que los cultivos en este año sean buenos. En el tiempo libre le gusta practicar el deporte en especial el boli.

"Esta muy agradecido por el credito anterior".

Previous Loan Details

Olivo Floresmilo V. S. is 60 years old. He is married and lives in the Chillanes Canton in the Bolivar Province. He has 8 children between the ages of 36 and 25. Olivo is a member of the rural group, Progreso Comunitario, which is located 2 hours from Chillanes. There are 11 members total... More from Olivo Floresmilo'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
  • 25
    View loans »
    Ecuador Loans Fundraising
  • $22,871,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Olivo Floresmilo to buy urea, insecticides, pesticides, and other farming supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2013
Listed
Mar 23, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2014