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Rosa Magdalena
Rosa Magdalena A. C. is 19 years old, and she is single. She lives with her parents in the San Miguel canton in the Bolívar province.

Rosa is a member of the Santiagopamba Communal Bank, which is a half hour from the town of San Miguel. The communal bank is mostly made up of people who devote themselves to agriculture as the main source of income for their families.

Rosa works in the vegetable business, and she goes to school at the same time. She buys in the Riobamba markets (over three hours away), and she sells in Chillanes (over one hour away).

She is requesting a loan to invest in her business. She will use some of it for her education. The loan will help her increase her business.

Her goal is to finish her studies and to continue with the business. The challenges that face her are the competition and that the products are very expensive.

She likes the festivals in the Chillanes market, and she likes to play soccer.
View original language description ↓
Rosa Magdalena A. C. tiene 19 años, es soltera y vive con sus padres en el cantón de San Miguel en la provincia de Bolívar.

Rosa es un miembro de la ventanilla rural Santiagopamba, que se encuentra en San Pablo, a media hora del pueblo de San Miguel. La ventanilla esta compuesta por personas que en su mayoría se dedica a la agricultura, como fuente de ingresos de su familia.

Rosa trabaja en el negocio de legumbres y estudia al mismo tiempo. Compra en los mercados de Riobamba (a más de 3 horas de distancia) y vende en Chillanes (a más de una hora de distancia).

Solicita el préstamo para invertir en el negocio y algo para los estudios. El crédito le ayudara a aumentar el negocio. Su meta es terminar sus estudios y seguir con el negocio. Enfrenta desafíos como la competencia y los productos que están muy caros.

Le gustan fiestas del mercado en Chillanes y jugar fútbol.

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
  • 61
    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 Rosa Magdalena invest in her business, and part of the loan for her education.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Jun 7, 2010
Jun 16, 2010
Currency Exchange Loss:
Jul 15, 2011