Update on Rosario UmbelinaRosario is 53 years old. She is married and lives with her two children in Chillanes in the province of Bolivar in the community of Santa Rosa de Cerrito. Rosario is a member of the VRC de San Isidro lending group which was formed in the community of Santa Rosa de Cerrito, which is 40 minutes away from the cooperative's offices. They are people who are dedicated to farming and to raising animals.
Rosario is dedicated to farming, planting beans and maize and to raising animals like cattle. She is requesting the loan to plant beans and to buy what she needs for farming such as organic fertilizers, seeds, urea and chemical fertilizers.
She will make purchases in the city of Chillanes. Her dream is to have good production. The challenges she faces are the lack of capital to work. In her free time, she likes to go out for walks and going to community celebrations.
Rosario es integrante de la ventanilla VRC de San Isidro se encuentra formada en la comunidad de Santa Rosa de Cerrito de una distancia de 40 minutos de la oficina de la cooperativa son personas que se dedican a la agricultura y a la crianza de animales.
Rosario se dedica a la agricultura a la siembra de frejol y maíz y a la crianza de animales como el ganado.
Solicita el crédito para la siembra de frejol y para la comprar lo que hace necesario para agricultura como los abonos , semillas, urea, fertilizantes.
La compra lo realiza en la ciudad de Chillanes.
El sueño es tener una buena producción.
Los desafíos que se enfrenta es la falta de capital para trabajar.
En el tiempo libre le gusta salir al pueblo a pasear y a las fiestas de la comunidad.
Previous Loan DetailsRosario Umbelina is 51 years old and is married. She lives with her husband and children. She has five children, but those who are married don't live with her. She lives in Chillanes, in the province of Bolivar. The San Isidro communal bank is made up of 10 members. It is located in the Ch... More from Rosario Umbelina'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
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- At end of term
- Mar 26, 2013
- Apr 25, 2013
- Currency Exchange Loss:
- Apr 30, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.