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Segundo Luis
Segundo Luis R. is 42 years old, married, and has 4 children who are called Segundo, 24 years old, Nelson who is 22, Luis, 19, and Jamie who is 13. They live in the neighborhood of San Francisco de Rumi Pamba about one and a half hours from Canton San Miguel in the province of Bolivar. The partner is a member of the rural group San Francisco de Rumi Panba which is made up of 25 members in total, of whom the majority work in agriculture and raising cattle.

All his life Segundo has worked in agriculture, the principal source of income for his family. Among the crops that do well in the area are corn, wheat, barley, potatoes, and mellocos (a type of tuber). He sells the products in the markets of San Miguel and Guaranda, and in the community when the merchants arrive.

Segundo requests the loan to buy liquid fertilizers, to pay the workers, and for the transport of the produce. His goal is to obtain quality products that he can sell at reasonable prices. The challenges that he has are that when the climate is unfavorable it affects the production and the prices fall since the product is not of good quality. Segundo solicited a loan before that he invested in supplies. He says that in his free time he likes to be with his family and they go out to walk by the river.
View original language description ↓
Segundo Luis R. tiene 42 años, es casada, tiene 4 hijos , se llaman Segundo de 24 años, Nelson de 22 años, Luis de 19 años, Jaime de 13 años. Viven en el recinto San Francisco de Rumí pamba a una a una distancia de hora y media del Cantón San Miguel Provincia de Bolívar.
El socio es un miembro de la ventanilla rural “San Francisco de Rumí pamba”. La misma que esta conformada por 25 socios en total, los cuales la mayoría se dedican a la agricultura y pastoreo de ganado bovino.
Segundo trabaja en la agricultura toda su vida como fuente principal económica de su familia. Dentro de los cultivos que más sobresalen en la zona son: maíz, papas, trigo, cebada, mellocos. Vende los productos en los mercados de San Miguel y Guaranda, también vende en la comunidad cuando llegan los comerciantes.
Segundo solicita el crédito para comprar abonos líquidos, para pagar a los peones y para el transporte del producto. Su meta es obtener productos de calidad y comercializarlos a precios razonables. Los desafíos que tiene es que cuando el clima es desfavorable afecta a la producción y los precios caen, ya que el producto no es de buena calidad, Segundo si solicito antes un crédito invirtió en compra de insumos, Segundo manifiesta que en sus tiempos libres le gusta compartir con su familia y salen a pasear al rió.

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!

About Ecuador

  • $10,600
    Average annual income
  • 29
    View loans »
    Ecuador Loans Fundraising
  • $26,742,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Segundo Luis buy liquid fertilizers, pay the workers, transport the produce.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Apr 8, 2010
May 9, 2010
Currency Exchange Loss:
Jan 15, 2011