Update on Olga MariaOlga is 54 years old, single, and has two children. She and her children live in Chillanes, which is in Bolívar Province.
The Communal Bank “Virgen de Baños” is established in the community of Mama Sara de Cerritos, which is located 30 minutes away from the office of Cooperativa San Jose.
Olga María is a farmer who grows corn, beans, and blackberries. She is requesting a loan so that she can buy compost, fertilizers, urea, and insecticides. Her purchases and sales are conducted in Chillanes every eight days.
With the help of this loan, Olga will be able to improve her production and buy fertilizers. The challenges she faces include dealing with losses and the occasional crop damage due to the weather. In her free time, Olga enjoys walking through town and taking in the Carnival festivities.
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.
Olga María se dedica a la agricultura a la siembra de maíz, fréjol y mora. Solicita el crédito para comprar abonos, fertilizantes, urea, insecticidas. Las compras y las ventas lo hará en Chillanes cada 8 días.
Con la ayuda del crédito podrá mejorar la producción y comprar los fertilizantes. Los desafíos a los que se enfrenta es la pérdida y daños ocacionados por eventos climáticos. En el tiempo libre le gustasalir a pasear por el pueblo y la fiestas del carnaval.
Previous Loan DetailsOlga María is 52 years old, she is a widow and she has 2 children who live with her in Chillanes, in the Bolívar province. The “Virgen de Baños” communal bank is composed of the Cerritos Mama Sara community. The members spend most of their time farming, growing corn and raising animals. Olga… More from Olga Maria'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