Update on Holger FranciscoFrancisco, who is 38, is married and lives with his wife and four children in the commune of Santa Rosa de Cerritos which lies in Chillanes canton in Bolívar province.
Francisco is a member of the VRC de San Isidro solidarity group which was set up in Santa Rosa de Cerritos, which is some 40 minutes away from the cooperative's office. The group's members are people who work in agriculture and livestock rearing.
Francisco's agricultural work involves sowing beans and corn and rearing animals such as livestock. He is applying for this loan to buy livestock in Chilanes City.
His ambition is to boost his production. In his work, he has to face the twin challenges of bad weather and high rainfall.
In his free time he likes sports such as volleyball and local festivals.
Francisco es integrante en la Ventanilla VRC de San Isidro se encuentra formado en la comunidad de Santa Rosa de Cerritos de una distancia de 40 minutos de la oficina de la cooperativa son personas que se dedican a la agricultura y la crianza de los animales.
Francisco se dedica a la agricultura como la siembra de frejol y de maíz y a la crianza de los animales como el ganado. Solicita el crédito para la compra de ganados.
La compra lo realiza en la ciudad de Chillanes.
El sueño es mejora de producción.
Los desafíos que se enfrenta es al mal tiempo y la presencia de mucha lluvia.
En el tiempo libre le gusta deporte como el boly y las fiestas de la comunidad.
Previous Loan DetailsHolger Francisco is 32 years old and is married. He lives with his wife and four children, aged 17, 14, 12 and 10. He lives in Chillanes, in the province of Bolivar. The SAN ISIDRO communal bank is made up of ten members. It is located in Chillanes canton, 45 minutes away from the head office.… More from Holger Francisco'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.