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Luis Armando

Update on Luis Armando

Luis Armando, 27, is married living with his wife and children in Ventanas Canton, Los Ríos Province. The members of the “Señor de la Salud” communal bank are located in Recinto Soloma that belongs to Echeandia Canton. This communal bank is involved in short cycle corn and rice farming.

He grows corn and rice. He makes his purchases in Ventanas and his sales take place in the street markets every day but especially on Sundays.

He requests the loan to buy seeds, fertilizer and manure. Support from the loan will help him economically to meet his needs. He faces challenges like infestations, plant diseases and climate variations. His dream is to buy three cuadras [unit of land measurement] of land. He likes to play sports every day.
View original language description ↓
Luis Armando tiene 27 años, Es casado vive con la esposa y los hijos, vive en el Cantón Ventanas Provincia de los Ríos.

Los miembros de la V.R.C. SEÑOR DE LA SALUD, se encuentra ubicada en el Recinto Soloma, perteneciente al Cantón Echeandia, esta ventanilla se dedica a labores agrícolas de ciclo corto siembra de maíz y arroz

Luis se dedica a la agricultura la siembra de maíz y arroz, las compras las realiza en Ventanas y las vende en las ferias de todos los días en especial la de los domingos.

Solicita el crédito para la compra de semillas, fertilizantes y abonos. Con el apoyo del crédito le ayudaría económicamente para suplir sus necesidades. Enfrentar desafíos como plagas y enfermedades en los cultivos y la variación del clima. Su sueño es comprar tres cuadras de terreno.

Le gusta hacer deporte todos los dias.

Previous Loan Details

Luis Armando is 25 years old, married, and lives with his wife and children. He resides in the canton of Ventanas in Los Ríos Province. The members of the Communal Bank “Señor de La Salud” (Lord of Health) meet in the neighborhood of Recinto Soloma, which is part of the canton of Echeandia... More from Luis Armando'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
  • 39
    View loans »
    Ecuador Loans Fundraising
  • $26,686,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Luis Armando to purchase seeds, fertilizers, and compost.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Jul 25, 2012
Aug 30, 2012
Currency Exchange Loss:
Feb 15, 2013