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Olimpio Valentin

Update on Olimpio Valentin

Olimpio is 63-years old, married and lives with his wife in Ventanas Canton, de los Ríos Province.
His communal bank is called "La Paulina" and is located in Puerto Pechiche Parish, La Paulina Precinct, Pueblo Canton. The members of the communal bank make their livings in agriculture and ranching.
Olimpio makes his living in agriculture; he grows corn and rice. In addition, he raises chickens. He purchases his supplies from Agroquímicos Briones in Ventanas and sells his products in the Ventanas market.
Olimpio is requesting the loan to purchase compost, urea and liquid fertilizers to plant his corn and rice. The loans have helped him to advance his finances. His dream is to buy himself a car.
Olimpio likes to travel with his family.
View original language description ↓
Olimpio tiene 63 años de edad estado civil unión libre, vive con su esposa y Vive en el Cantón Ventanas provincia de los Ríos.
La ventanilla se llama LA PAULINA se encuentra ubicada en el parroquia Puerto Pechiche recinto La Paulina, pertenece al cantón Pueblo esta ventanilla se dedica a labores agrícolas y pecuarias.
Olimpio se dedica a la agricultura a la siembra de maíz y arroz, además se dedica a la crianza de gallinas. Compra sus productos en Ventanas en Agroquímicos Briones y las vende en el mercado del mismo lugar.
El crédito solicito para la compra de abono, urea, líquidos fertilizantes para la siembra del maíz y arroz. El préstamo le ayudado a fomentar su economía. Su sueño es comprarse un carro.
Le gusta viajar con su familia.

Previous Loan Details

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 Pech... 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.

Tags

About Ecuador

  • $10,600
    Average annual income
  • 100
    View loans »
    Ecuador Loans Fundraising
  • $24,153,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Olimpio Valentin to purchase supplies for planting corn.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 19, 2013
Listed
Jan 6, 2014
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2014