Update on Maria AgustinaMaría is 55 years old, married, and has one son. She lives with her husband in the city of Guaranda in the province of Bolívar.
The Tagma Rumiñahui communal bank is made up of 14 members and is located about 25 minutes from the San Simón office of the field partner. The members work in agriculture and raising cattle.
María works growing potatoes and corn, as well as raising and selling chickens, guinea pigs and pigs.
She is requesting a loan to buy seeds, fertilizer for her crops and balanced feed for her animals. With the loan she is going to grow, raise and sell her products to earn more money. Her dream is to have enough money to give her son a profession. In her free time she likes to go for walks with her son and talk.
La VRC Tagma Rumiñahui, esta conformada por 14 socios casi a 25 minutos de la oficina de San Simón, se dedican a la agricultura y ganadería.
Se dedica al cultivo de papas y maíz,ademas a la crianza y venta de pollos cuyes y cerdos.
Solicita el crédito para compra de semillas, abonos para los cultivos y balanceado para los animales. Con el apoyo del crédito va a criar y venderlo para obtener mas dinero.
El sueño tener dienro para dar la profesion al hijo.
En su tiempo libre le gusta salir de paseo con el hijo y conversar.
Previous Loan DetailsMaria Agustina is 54 years old, married, and has a 22 year-old son. She lives with her husband in the city of Guaranda in Bolivar province. The communal bank "Tagma Rumiñahui" is made up of 14 members, and is located about 25 minutes from the San Simon office. The members work in agriculture… More from Maria Agustina'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