Update on Luz VeronicaLuz is 21, single, and has no children. She lives with her family in the city of Guaranda in Bolívar province. Los pinos (The Pines), the communal bank she belongs to, has 14 members who live in the area. They farm land within 40 minutes of the Pangua office.
Luz grows potatoes and raises cattle. She has applied for a loan to buy land to grow corn. She buys and sells in the city of Guaranda. She dreams of owning a house. Among the challenges she faces is competition to her business. In her free time, she likes to go for a walk and to enjoy the carnival.
Es integrante de la Ventanilla Los pinos, se encuentra formada por 14 socios que son de la misma comunidad, se dedican a la agricultura queda a 40 minutos de la oficina Comunidad Pangua.
Luz se dedica a la agricultura a la siembra de papas y crianza de ganado. Solicita el crédito para comprar un terreno. Con la ayuda del crédito podrá comprar el terreno para sembrar maíz. La compra lo realizará en la ciudad de Guaranda.
El sueño es hacer una casa. Los desafíos a los que se enfrenta es la competencia. En el tiempo libre le gusta ir de paseo y disfrutar del carnaval.
Previous Loan DetailsLuz Verónica is 19 years of age. She is single and has no children. She lives with her parents in the Guaranda province of Bolívar. She is a member of the VRC PANGUA, which is located in the community of Pangua Chaupiyacu, Parish Guanujo Canton Guaranda. The community is 15 minutes from the… More from Luz Veronica'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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