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Magaly  Zulema

Update on Magaly Zulema

Magaly is 24 years old. She's in a common law marriage and has three children. She lives with her family in the canton of Ventanas, province of Los Ríos. She's a member of the "Virgen de Guadalupe" communal bank, which is located in the parish of Puerto Pechiche, which belongs to the canton of Pueblo Viejo.

Magaly is a farmer who grows corn and raises animals such as chickens. She is requesting the loan in order to rent the farmland and to purchase supplies such as organic and inorganic fertilizers. She makes her purchases in the canton of Ventanas, often from a company called Agripag.

Her dream is to improve production in her crops. She faces challenges such as pests and diseases which affect the crops. In her free time she likes helping her children with their studies and dancing with them.
View original language description ↓
Magaly tiene 24 años de edad es de estado civil unión libre tiene 3 hijos vive con la familia en el Cantón Ventanas Provincia Los Ríos.

Es integrante de ventanilla Virgen De Guadalupe que se encuentra ubicada en la parroquia Puerto Pechiche que pertenece al cantón Pueblo Viejo.

Magaly se dedica a la agricultura a la siembra de maíz y a la crianza de animales como las gallinas. Solicita el crédito para el arriendo de terreno y compra de insumos como abonos organicos e inorganicos.

Las compras realiza en el cantón ventanas frecuentemente en agripag. Su sueño es mejorar la producción de los cultivos. Se enfreta desafios como las plagas y enfremedades que se le presentan en el cultivo.

En el tiempo libre le gusta ayudar a los hijos a estudiar y bailar con ellos.

Previous Loan Details

Magaly is 24 years old. She's in a common law marriage and has three children. She lives with her family in the canton of Ventanas, province of Los Ríos. She's a member of the "Virgen de Guadalupe" communal bank, which is located in the parish of Puerto Pechiche, which belongs to the canton of... More from Magaly Zulema'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

  • $10,600
    Average annual income
  • 57
    View loans »
    Ecuador Loans Fundraising
  • $24,312,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Magaly Zulema to buy supplies such as organic and inorganic fertilizers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 9, 2014
Listed
Jan 21, 2014
Currency Exchange Loss:
N/A
Ended:
Aug 20, 2014