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Jorge Mateo

Update on Jorge Mateo

Jorge Mateo is 26 years old and is married with two children. He lives with his wife and their children, who are 4 and 2 years old, in Ventanas, which is in the Rios province.

He is a member of VRC Las Palmas, which is located in the Campo Alegre precinct in the canton of Bab, which is an agricultural area.

Jorge has worked in agriculture for 8 years, growing corn and rice. He makes his purchases and sales in Pueblo Viejo. He is seeking a loan so that he can continue harvesting and to buy agricultural fertilizers.

With the money from this loan, he will be able to buy seeds. His dream is to own his own land. In his free time he likes to play sports.
View original language description ↓
Jorge Mateo tiene 26 años de edad vive en unión libre tiene 2 hijos, vive con la esposa y con los hijos de 4 y 2 años de edad en el Cantón Ventanas Provincia de los ríos.

Es integrante de la VRC LAS PALMAS, se encuentra ubicada en el Recinto campo Alegre, Pertenece al Cantón Bab se dedican a labores Agrícolas.

Jorge se dedica a la agricultura a la siembra de maíz, arroz hace 8 años. Las compras y las ventas lo realizan en Pueblo Viejo. Solicita el crédito para seguir trabajando en la siembra y comprar abonos agrícolas.

Con la ayuda del crédito podrá comprar semillas, el sueño es poder tener un terreno.

No se le ha presentado ningún tipo de problema. En el tiempo libre le gusta hacer deporte.

Previous Loan Details

Jorge Mateo is 25 years old and he has a partner and two children. He lives with his wife and children, aged 4 and 2, in the Cantón Ventanas province of Los Ríos. He is a member of the communal bank Las Palmas, located in the Campo Alegre area which is part of Cantón Baba. They carry out agric... More from Jorge Mateo'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
  • 63
    View loans »
    Ecuador Loans Fundraising
  • $26,542,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Jorge Mateo to continue sowing and to buy agricultural fertilizers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Jul 25, 2012
Sep 6, 2012
Currency Exchange Loss:
Feb 15, 2013