Update on Marcelo TeodoroMarcelo, age 47, is in a common-law marriage and has one child. He lives with his life partner and child in Recinto Terrenal in the Pueblo Viejo canton in the Los Ríos province. He belongs to the Terrenal communal bank, which is in Recinto Terrenal in the Pueblo Viejo canton. The members work in agriculture and with livestock.
Marcelo grows corn and rice. With the loan he will be able to buy supplies like fertilizers, compost, and insecticides to avoid pest infestations and diseases. He makes his purchases in the city of Pueblo Viejo.
His dream is to travel to the beach. In his free time he likes to play sports.
Pertenece a la Ventanilla TERRENAL se encuentra ubicada el recinto TERRENAL, perteneciente al cantón Pueblo Viejo se dedica a labores agrícolas y pecuarias.
Marcelo se dedica a la agricultura a la siembra de maíz y arroz. Con el crédito podrá comprar insumos como: fertilizantes, abonos, insecticidas para evitar las plagas y enfermedades. Las compras las realiza en la ciudad de Pueblo Viejo.
El sueño es viajar a la playa, en los tiempos libres le gusta hacer deporte.
Previous Loan DetailsMarcelo, age 47, is in a common-law marriage and has one child. He lives with his life partner and child in Recinto Terrenal in the Pueblo Viejo canton in the Los Ríos province. He belongs to the Terrenal communal bank, which is in Recinto Terrenal in the Pueblo Viejo canton. The members work in… More from Marcelo Teodoro'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