Update on Rosa ArmidaRosa Armida, 25, is single and has four children. She lives with her children who are 10, 8, 5 and 3 years old in Guaranda, Bolívar Province.
She’s a member of the “Ventanal” communal bank which is formed in the community of Guantuncoto, Julio Moreno Canton, Guaranda, located 30 minutes away from the office. Residents of the community carry out a variety of different activities like: farming, cattle raising, animal husbandry (pigs, chickens, sheep), commerce and construction.
Rosa is a farmer and raises barnyard fowl. Her purchases and her sales take place in Ventanas. She’s asking for the loan for her corn and rice crops. She’ll buy manure, fertilizer and urea. With help from the loan the business will improve and her family will be in better condition. Her dream is to own a house and farmland and that her children complete their education and become professionals.
The challenges she faces are economic problems and the lack of money to buy the chemicals needed for farming. In her free time she enjoys the Carnival festivities, All Soul’s Day, Holy Week and the feast day of St. Peter.
With help from the last loan she was able to buy supplies and seeds. Her family relationship has improved and so has income because she was able to sell her crops at a good price.
Es integrante de la VRC VENTANAL se encuentra formada en la comunidad Guantuncoto, Parroquia Julio Moreno Cantón Guaranda, a una distancia de 30 minutos de la oficina Los habitantes de la Comunidad se dedican a diferentes actividades como son: agricultura, ganadería, crianza de animales (cerdos, pollos, ovejas) comercio y construcción.
Rosa se dedica a la agricultura y avicultura. Las compras y las ventas lo hace en Ventanas. Solicita el crédito para la siembra de maíz y arroz comprar abonos, fertilizantes, urea. Con la ayuda del crédito el negocio mejorara y la familia estaría en mejores condiciones.
El sueño es poder tener casa propia, terreno y que la familia los hijos culminen los estudios y sean profesionales.
Los desafíos a los que se enfrenta son los problemas económicos y la falta de dinero para comprar los químicos para la agricultura. En el tiempo libre le gusta disfrutar de las festividades del carnaval, finados, semana Santa y San Pedro.
Con la ayuda del crédito anterior pudo comprar los insumos, semillas. La relación familiar ha mejorado, los ingresos también por el cultivo de los productos que se han podido vender a un buen precio.
Previous Loan DetailsRosa Armida M. C. is 25 years old. She is single and lives with her parents and children. She lives in Guaranda canton in the province of Bolívar. She has 4 children. Rosa belongs to the Guantucoto solidarity group which is located half an hour from Guaranda. It is a group that works in cr... More from Rosa Armida'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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