Update on Maria CorinaMaría is 41 years old and married. She has 3 children, and she lives with her husband and children in Guaranda, in Bolívar Province.
The "Wari Art and Culture" solidarity group is located in the community of Larkaloma, 45 minutes away from the office. It is made up of 11 members.
María works in agriculture, planting potatoes and corn, and also producing milk and cheese. She has cows, chickens and guinea pigs.
She is requesting the loan to buy seeds, liquid weedkiller, fertilizers, fungicides, and balanced feed for her animals. With the help of the loan, she will be able to save her potato and corn crops. She makes her purchases and sales in Guaranda twice a month.
Her dream is to have a little money to buy more land, in order to continue farming. The challenges she faces include transportation and the competition.
She likes to celebrate traditions such as local festivals.
La VRC Arte y Cultura “Wari” se encuentra en la comunidad de Larkaloma a 45 minutos de la oficina, está conformada por 11 socios
María se dedica a la agricultura a la siembra de papas, maíz, además a la producción de leche y queso, tiene vacas, pollos, cuyes.
Solicita el crédito para comprar semillas, líquidos para la maleza, abonos, fungicidas, y balanceado para los animales. Con la ayuda del crédito podrá salvar los cultivos de papas y maíz. Las compras y las ventas lo hace en Guaranda quincenalmente.
El sueño es poder tener un poco as dienro para comprar mas terrenos para seguir en la agricultura. Los desafíos a los que se enfrenta es el transporte y la competencia.
Le gusta festejar costumbres como fiestas del recinto.
Previous Loan DetailsMaría Corina is 40 years old and is married with 3 children with whom she lives in Guaranda, in 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. María makes a living in agriculture, planting potatoes… More from Maria Corina'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
- Jun 3, 2013
- Jul 1, 2013
- Currency Exchange Loss:
- Jul 17, 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.