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Franklin Michael

Update on Franklin Michael

Franklin Michael, 22, is in a relationship and has a daughter; he lives with his wife and daughter in the city of Ventanas, Los Ríos Province. He’s a member of the “Caminando Hacia el Futuro” (Heading for the Future) communal bank located in Recinto Jesús del Gran Poder belonging to Ventanas Canton; they work in agriculture.

Franklin Michael works in agriculture and also raises chickens and pigs. He’s requesting a loan to buy urea, insecticide, Ranger [herbicide] and organic manure. With help from the loan he will be able improve his economic standard.

His dream is to buy land. The challenge he faces is crop infestations and bad weather. He likes to spend his free time being watchful of his work. He’s very grateful for his previous loan.
View original language description ↓
FRANKLIN MICHAEL tiene 22 años de edad de estado civil unión libre tiene una hija, vive con la esposa y con la hija en la ciudad de Ventanas Provincia de los Ríos.


FRANKLIN MICHAEL Se dedica a labores agrícolas, además se dedica a la crianza de pollos y cerdos.
Solicita el crédito para comprar pollos, balanceado, urea, insecticidas, ranger, abono organico.

Con la ayuda del crédito podrá mejoraría el nivel de vida. El sueño es comprar un terreno. Los desafíos a los que se enfrenta es el mal clima y las plagas.

En el tiempo libre le gusta cuidar más su trabajo.

"Esta muy agradecido por el crédito anterior".

Previous Loan Details

Franklin Michael, 21, is single and has no children; he lives with his parents in Ventanas Canton, Los Ríos Province. The members of the “Caminando Hacia el Futuro” (Heading toward the Future) communal bank which is located in Jesús de Gran Poder are short cycle corn and rice farmers. Frank... More from Franklin Michael'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
  • 38
    View loans »
    Ecuador Loans Fundraising
  • $26,684,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Franklin Michael to buy chicks, feed, urea, insecticide, Ranger and organic manure.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Oct 8, 2012
Oct 24, 2012
Currency Exchange Loss:
Jan 21, 2014