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Michael Mariano

Update on Michael Mariano

Michael Mariano, 32, lives with his common-law wife and their children, 9 and 10, in the Ventanas canton, Los Rios province.
The VRC Jerusalen communal bank is in the El Caimito area, Puerto Pechico parish, Pueblo Viejo canton. This branch works with farmers who plant short term cycle crops of corn, rice, beans, and pigeon peas.

Michael has been a corn farmer for the last 15 years. He buys and sells in Ventanas. He is requesting a loan to have working capital for the farming and to be able to buy seeds, fertilizers, and manure.
The loan will help him with the capital. His dream is to have his own house if no problems appear.
In his free time he takes part in sports.

With the help of the previous loan he has improved the standard of living for his family. His income has increased and that has benefited his family.
View original language description ↓
Michael Mariano tiene 32 años de edad vive en unión libre con la pareja, vive con la esposa y con los hijos de 9 y 10 años de edad en el Cantón Ventanas Provincia de los ríos.
La VRC JERUSALEN, se encuentra ubicada en el Recinto El caimito, Perteneciente a la Parroquia Puerto Pechiche Cantón Pueblo Viejo, Esta Ventanilla se dedica a labores Agrícolas de ciclo Corto siembra de maíz, arroz, frejol Gandul.

Michael se dedica a la Agricultura a la siembra de maíz hace 15 años. Las compras y las ventas lo realiza en Ventanas.
Solicita el crédito para tener capital para invertir en la agricultura y poder comprar semillas, abonos agrícolas, fertilizantes.
Con la ayuda del préstamo podrá contar con capital. El sueño es poder tener una casa, no se le ha presentado ningún tipo de problema. En el tiempo libre le gusta hacer deporte.

Con la ayuda del CREDITO ANTERIOR HA MEJORADO EL ESTILO DE VIDA DE LA FAMILIA, Los ingresos han aumentado para el beneficio de la familia.

Previous Loan Details

Michael Mariano V. B. is 31 years old. He lives with his common-law wife and children in Ventanas canton, in Los Ríos province. He has 2 children. The members of the JERUSALEN community bank are located in Caimito district, in Puerto Pechiche parish, in Pueblo Viejo canton. The members of t... More from Michael Mariano'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
  • 71
    View loans »
    Ecuador Loans Fundraising
  • $25,584,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Michael Mariano to have working capital to invest in his farming to be able to buy seeds, manure and fertilizers.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
At end of term
Nov 18, 2011
Nov 28, 2011
Currency Exchange Loss:
Jul 15, 2012