Update on Miguel AngelMiguel Ángel, 55, is married. He lives with his wife and three children. He lives in the Aguas Frías area of Mocache, Cantón Mocache. The communal bank El Progreso is located in the Aguas Frías area of Mocache, Cantón Mocache. This communal bank works in short-cycle farming of corn and rice. Miguel Ángel works cultivating corn and rice. He buys and sells the products in Mocache. He is applying for the loan to buy seeds, urea, fertilizers, and manure for the crops. The loan has helped him to increase his income for his family's consumption and to invest in the planting. His dream is to have a truck to transport his products. The challenges that he faces are diseases and plagues in the plantings. In his free time, he likes being a tourist and playing sports.
Ventanilla EL PROGRESO se encuentra ubicada en el Recinto Aguas Frías de Mocache, perteneciente al cantón Mocache, esta ventanilla se dedica a labores agrícolas de ciclo corto siembra de maíz, arroz.
Miguel Ángel se dedica a la agricultura a la siembra de maíz y arroz. Compra y vende los productos en Mocache.
El crédito solicita para la compra de semillas, urea, fertilizantes y abonos para los cultivos. El préstamo le ayudado para aumentar los ingresos para el consumo de la familia y para invertir en la siembra. Su sueño es tener una camioneta para transportar los productos.
Los desfíos a los que se enfrenta son las enfermedades y plagas en los sembrìos.
Disfruta mucho en sus tiempos libres haciendo turismo y haciendo deporte.
Previous Loan DetailsMiguel Ángel is 54 years old, married and lives with his wife and 3 children. He lives in the Aguas Frías area of Mocache, in the Mocache Canton. The Communal Bank El Progreso (Progress) is located in the area of Aguas Frías of Mocache, belonging to the canton of Mocache, and in this area are ... More from Miguel Angel'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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Success!! The loan was 100% repaid