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Olimpio Valentin

Update on Olimpio Valentin

Olimpio is 63 years old, is in a common-law marriage and has three children. His lives with his wife and children in the city of Ventanas in the province of Los Ríos. In his free time he likes to go out walking with his wife.

The communal bank La Paulina is located in the parish of Puerto Pechiche, rural settlement La Paulina, belonging to the cantón of Pueblo Viejo. The members work in agriculture and livestock.

Olimpio works in agriculture growing corn and rice as well as rearing chickens and pigs. The challenges he faces are pests and bad weather. He does his buying and selling in the city of Ventanas.

He is asking for the loan to buy seeds, urea, fertilizer, Ranger [brand of herbicide], animal feed and morocho [type of corn]. With the help of the loan he will be able to buy what he needs for his crops and food for the animals. His dream is to buy a piece of land so he can continue growing crops.
View original language description ↓
OLIMPIO tiene 63 años de edad de estado civil unión lire tiene tres hijos, vive con los hijos y la compañera en la ciudad de Ventanas Provincia de los ríos.

La VRC LA PAULINA, se encuentra ubicada en la Parroquia Puerto Pechiche Recinto la Paulina, Pertenece al Cantón Pueblo Viejo se dedican a labores Agrícolas y Pecuarias.

OLIMPIO se dedica a la agricutura a la siembra de maíz, arroz, además se dedica a la crianza de gallinas y cerdos. Solicita el crédito para comprar semillas, urea, abonos, ranger, polbillo, morocho.

Con la ayuda del crédito podrá comprar lo necesario para las siembras y la alimentación para los animales. Las compras y ventas lo hace en la ciudad de Ventanas.

El sueño es comprarce un lote de terreno para seguir sembrando. Los desafíos a los que se enfrenta son las plagas y el mal clima. En el tiempo libre le gusta salir a pasear con la esposa.

Previous Loan Details

Olimpio Valentin is 63 years old and lives with his common-law wife and three children in the city of Ventanas in the province of Los Ríos. The community bank La Paulina is located in the parish of Puerto Pechiche Recinto la Paulina in the canton of Pueblo Viejo. This group is dedicated to f... More from Olimpio Valentin'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
  • 39
    View loans »
    Ecuador Loans Fundraising
  • $23,094,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Olimpio Valentin to buy seeds, urea, fertilizer, Ranger [brand of herbicide], animal feed and morocho [type of corn].
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 2, 2013
Listed
Jul 31, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2014