Update on Edgar EdisonEdgar, 24, got married six months ago and lives with his wife and five-month-old son in Guaranda, Bolívar Province. The “Arte y Cultura Wari” communal bank is located in the community of Larkaloma, 45 minutes away from the office and it has 11 members.
Edgar works in agriculture growing potatoes, barley and onions; he also works in cheese production and raising cows and chickens. He’s asking for this loan to buy supplies, insecticide, organic manure, fertilizer, vaccines and feed. With help from this loan he will be able to have his own chicken business.
He makes his purchases and sales weekly in Guaranda. His dream is to be able to buy more land to continue planting and to have more animals. The challenge he faces is the competition’s prices. In his free time he likes to rest and to celebrate festivals dancing.
La VRC Arte y Cultura “Wari” se encuentra en la comunidad de Larkaloma a 45 minutos de la oficina, está conformada por 11 socios.
Edgar se dedica a la agricultura a la siembra de papas, cebada y cebolla, además a la producción de quesos y crianza de vacas y pollos.
Solicita el crédito para comprar insumos, insecticidas, abono orgánico,fertilizantes, vacunas y balanceado. Con la ayuda del crédito podrá tener su propio negocio de pollos.
Las compras y las ventas lo hacen en Guaranda semanalmente.
El sueño es poder tener comprar mas terrenos para seguir sembrando y tener mas animales. Los desafíos a los que se enfrenta son los precios de la competencia.
En el tiempo libre le gusta descansar, y en las fiestas festejar bailando.
Previous Loan DetailsEdgar Edison is 22 years old, single and lives with his brother in Guaranda, in the Bolívar Province. The VRC Art and Culture "Wari" is found in the town of Larkaloma about 45 minutes from the office, and consists of 11 members. Edgar makes a living in agriculture planting potatoes, as well as… More from Edgar Edison'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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