Update on Diego GerardoDiego is 54 years old and lives with his wife in a common-law marriage and with his 8 children. He lives in the township of Ventanas in the province of Los Ríos. The communal bank, La Paulina, is located in the Puerto Pechiche territory in the La Paulina district, which belongs to the Pueblo Viejo township. This communal bank is dedicated to labors in agriculture and livestock.
Diego earns a living working in agriculture planting corn and rice, and raising pigs for the last few years. He buys his products in Ventanas and sells them in the market in the same area. With the help of the loan he will be able to buy what is needed for planting, and for feeding the animals. The previous loan helped him to increase his income for his family. His dream is to have enough money to buy a piece of land. He likes to work and get together with family.
La ventanilla se llama LA PAULINA se encuentra ubicada en el parroquia Puerto Pechiche recinto La Paulina, pertenece al cantón Pueblo Viejo esta ventanilla se dedica a labores agrícolas y pecuarias.
Diego se dedica a la agricultura a la siembra de maíz, arroz y a la cría de cerdos desde hace algunos años. Compra sus productos en Ventanas y las vende en el mercado del mismo lugar.
Con la ayuda del crédito podrá comprar lo necesario para las siembras y la alimentación para los animale. El préstamo le ayudado para aumentar los ingresos para su familia. Su sueño es tener dinero para comprar un terreno.
Le gusta trabajar y reunirce con la familia.
Previous Loan DetailsDiego is 53 years old and lives with his wife in a common-law marriage and with his 8 children. He lives in the Ventanas canton in the province of Los Ríos. His communal bank, La Paulina, is located in the Puerto Pechiche parish in the La Paulina district, which belongs to the Pueblo Viejo cant... More from Diego Gerardo'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
- 9 months (Additional Information)
- Repayment Schedule
- At end of term
- Jun 26, 2014
- Jul 21, 2014
- Currency Exchange Loss:
- Feb 25, 2015
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.