Update on Flor ClaraFlor is 58 years old, married, and has six children. She lives with her husband and their granddaughter, because her children have moved away now.
Flor is no longer a member of the Sinabamba communal bank as she has decided to apply for loans independently. She is requesting the loan to buy corn seeds, fertilizers, and manure to help her to grow corn.
Her previous loan helped her to increase production. Flor’s dream is to buy land so that she can continue sowing corn. In her free time, Flor likes to play outside with her granddaughter.
Flor ya no pertenece a la ventanilla Sinabamba ya que ella se decidio para realizar los creditos individuales. Solicita el credito para la coprar de semillas de maiz, fertilizantes y abonos, ya que ella se dedica a la siembra de maiz.
El credito le ayudado a aumentar la produccion, el sueño de Flor es comprar tierras para seguir sembrando. En los tiempos libres le gusta salir a jugar con la nieta.
Previous Loan DetailsFlor Clara is 57 years old, married, and has six children. All of them are married and live outside of Chimbo. Flor lives with her husband and a granddaughter in Chimbo in Bolivar Province. The Communal Bank named “Sinabamba” is located in the parish of La Magdalena, which is part of the ca... More from Flor Clara'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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