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Cruz Mercedes

Update on Cruz Mercedes

Cruz Mercedes, 23, is a single mother. She lives with her parents and her son. She lives in the Agua Frías area of Mocache, Cantón Mocache. The communal bank El Progreso is located in the Aguas Frías area of Mocache, Cantón Macache. This communal bank works in short-cycle farming, growing corn and rice. Cruz Mercedes works in agriculture, planting corn and rice on her own land. She buys and sells the products in Mocache. She is applying for the loan to buy seeds, fertilizer, and manure for the crops. The loan has helped her to increase her income for her family and to invest in the planting. Her dream is to keep increasing her crops, to buy a house, and to give her son a good education. She faces the challenges of diseases in the crops, the poor weather, and plagues. In her free time, she likes to do handicrafts and exercise.
View original language description ↓
Cruz Mercedes tiene 23 años es madre soltera, vive con los papás y el hijo. Vive en el Recinto Aguas frías de Mocache, Cantón Mocache.

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.

Cruz Mercedes se dedica a la agricultura a la siembra de maíz y arroz en terrenos propios. Compra y vende los productos en Mocache.

El crédito solicita para la compra de semillas, 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. El sueño es seguir aumentando los cultivos, comprar una casa y dar un buen estudio al hijo.

Los desafìos a los que se enfrenta son las enfermedades en los cultivos, el mal clima y las plagas.

En el tiempo libre le gusta realizar manualidades y ejercicios.

Previous Loan Details

Cruz Mercedes is 22 years old. She is single and lives with her parents in Aguas frías de Mocache, in Mocache province. The 'El Progreso' community bank is also located here. The members of this bank work in short-cycle agriculture, growing corn and rice. Cruz Mercedes grows corn and rice o... More from Cruz Mercedes'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
  • 60
    View loans »
    Ecuador Loans Fundraising
  • $26,742,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Cruz Mercedes to buy seeds, fertilizer, and manure for the crops.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Dec 3, 2012
Dec 19, 2012
Currency Exchange Loss:
Jul 19, 2013