Update on Jaime ArcenioJaime is 29, married, and lives with his wife and three children in the city of Ventanas, Los Ríos province.
The La Paulina Communal Bank is located in the Puerto Pechiche parish, in the La Paulina district, belonging to the Pueblo Viejo canton. The residents work in agriculture and livestock.
Jaime works in agriculture, sowing corn and rice. He is requesting this loan for the purchase of urea, insecticides, liquid weedkiller, and a fumigator. With this loan, he will be able to buy fertilizer.
He makes his purchases and sales in the city of Ventanas. His dream is to buy a plot of land.
He has to confront the challenge of finding enough money to buy a tractor to prepare the land.
In his free time he enjoys playing sports with his friends in the neighbourhood.
La VRC LA PAULINA se encuentra ubicada en la Parroquia Puerto Pechiche Recinto la Paulina, Perteneciente al Cantón Pueblo Viejo se dedican a Labores Agrícolas y Pecuarias.
JAIME se Dedica a la agricultura a la siembra de maíz, arroz. Solicita el crédito para comprar urea, insecticidas, líquido mata plagas y una bomba para fumigar. Con la ayuda del crédito podrá comprar los fertilizantes.
Las compras y las ventas lo0 hace en la ciudad de Ventanas. El sueño es comprarce un lote de terrerno.
Los desafíos a los que se enfrenta es reunir el dinero para comprarce un tractor para preparar el suelo.
En el tiempo libre le gusta dedicarce al deporte con los amigos del barrio.
Previous Loan DetailsJaime Arcenio, 28, is married and has three children. He lives with his children and his wife in the city of Ventanas, Los Ríos Province. The “Paulina” communal bank is located in Puerto Pechinche Parish, Recinto La Paulina which belongs to Pueblo Viejo Canton; the members work in agricultu... More from Jaime Arcenio'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