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Galo Macario

Update on Galo Macario

Galo is 45 years old, he is married and has 6 children. He lives with his children and his wife in the city of Ventanas, province of Los Rios.
He is a member of the communal bank "Genesis," which is located in the Atascoso precinct. It is part of the Ventanas canton and works in farming activities.
Galo farms corn and rice. He requests a loan to buy urea fertilizer, seed and other fertilizers. With the help from the loan he will be able to buy the inputs he needs for his crops.
The challenges he faces are pests and diseases in his fields. His dream is to buy some land to increase production and make more money to provide a better life to his children. In his free time he likes to read the bible.
View original language description ↓
GALO tiene 45 años de edad es cadao tiene 6 hijos, vive con los hijos y la esposa en la ciudad de Ventanas provincia de los ríos.

Es Integrante de la VRC GENESIS, se encuentra ubicada en el recinto atascoso, Pertenece al Cantón ventanas se dedican a labores agrícolas y pecuarias.

GALO se dedica a la agricultura a la siembra de maíz, arroz. Solicita el crédito para comprar urea, semillas,abonos y fertilizantes, Con la ayuda del crédito podrá comprar los fertilizantes para los cultivos.

El desafío a los que se enfrenta son las plagas y enfermedades en las siembras.

El sueño es comprar un terreno para aumentar la produccion y tener mas dinero para dar ejor vida a los hijos. En el tiempo libre le gusta leer la biblia.

Previous Loan Details

Galo Macario is 44 years old. He is married and has 6 children. He lives with his children and his wife in the city of Ventanas in the province of Los Rios. He is a member of the communal bank "Genesis," which is located in the Atascoso precinct. It is part of the Ventanas canton and works with ... More from Galo Macario's previous loan »

Additional Information

About Cooperativa San Jose

This 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.

About Ecuador

  • $10,200
    Average annual income
  • 40
    View loans »
    Ecuador Loans Fundraising
  • $23,142,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Galo Macario to buy urea, seed and other fertilizers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 5, 2013
Listed
Jun 27, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 18, 2014