Update on Luis EduardoLuis, 44, is in a common law relationship and has five children; he lives with his spouse and children in Chillanes, Bolívar Province.
The “Virgen de Baños” communal bank is formed by the Mama Sara de Cerritos community located 30 minutes from the Cooperativa office. The members work in agriculture, animal husbandry and commerce.
Luis works growing corn, blackberries and broad beans and also raises cattle. He will use the loan to buy cattle and vaccines.
He does his purchases and sales in Chillanes. His dream is to increase production to have more money and provide a good future for his children. He’s faced challenges like lack of money to buy fertilizer for his crops. He likes playing sports and celebrating community festivals.
Luis tienen 44 años de edad, de estado civil unión libre, tiene cinco hijos, vive con la conyugue y los Hijos en Chillanes Provincia de Bolivar.
La VRC VIRGEN DE BAÑOS está formada por en la comunidad mama Sara de Cerritos, a una distancia de 30 minutos de la oficina de la Cooperativa. Los socios se dedican a la agricultura,crianza de animales y comercio.
Luis se dedica a la agricultura a la siembra de maiz, mora y frejol, ademas a la crianza de ganado, El credito lo utilizará en la compra de ganado, vacunas.
Las compras y las ventas las realizará en Chillanes. El sueño es aumentar la produccion para tener mas dinero y dar un buen futuro a los hijos. Ha enfrentado desafios como la falta de dinero para comprar los fertilizantes para las siembras.
Le gusta hacer deporte y festejar las fiestas de la comunidad.
Previous Loan DetailsLuis Eduardo is 43 years-old and lives in a common law marriage with his partner and five children. He lives in Chillanes, a province of Bolivar. The communal bank San Isidro is made up of 10 members and is located en the canton Chillanes 45 minutes from the office. This communal bank makes a... More from Luis Eduardo'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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