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Cosme Vinicio

Update on Cosme Vinicio

In the northwest of the province of Pichincha is the Canton of San Miguel de los Bancos. This canton (town) is a place of love, a warm humid climate full of friendly, hardworking people. It is visited by domestic and foreign tourists to enjoy the beautiful waterfalls and lodges where you can spend a good time with family or friends.

It is in this canton that Cosme lives and has his business. He is a fighter of 44 years old, a single man who has a son who has come of age and is independent. He is engaged in the production of beef cattle. He learned this business as a child along with his parents and to this business he devotes a daily average of 8 hours. He does the work himself and does not have help.

He is requesting a loan to invest in the business to pay the cleaning that is done every year on the farm. With this new investment, he expects to improve his income as it will provide a better condition for his cattle. Cosme thanks the Alternative Foundation and Kiva for the support and the opportunities provided.
View original language description ↓
Al noroccidente de la Provincia de Pichincha se encuentra el Cantón San Miguel de los Bancos el Cantón del amor un lugar de clima cálido húmedo lleno de gente amable y trabajadora, el mismo es muy visitado por turistas nacionales y extranjeros a disfrutar de las maravillosas cascadas y hosterías en las que se pueden pasar un buen momento en familia o con amigos.
En este Cantón vive y tiene el negocio el señor Cosme un hombre luchador de 44 años él es soltero tiene un hijo el cual ya es mayor de edad he independiente, él se dedica a la producción de ganado para carne aprendió de este negocio en su niñez junto con sus padres a este negocio le dedica un promedio diario de 8 horas, se encarga de forma personal no tiene quien le ayude, solicita el crédito para invertir en el negocio para pagar la limpieza que se hace cada año en la finca.
Con esta nueva inversión espera mejorar sus ingresos económicos ya que podrá tener en mejores condiciones su ganado, el señor Cosme agradece a Fundación Alternativa y a Kiva por el apoyo y las oportunidades brindadas.

Previous Loan Details

San Miguel de los Bancos (also known as ‘Los Bancos’) is a canton in the province of Pichincha in Ecuador. The climate in the canton is subtropical due to its moderately high altitude, in contrast to the climate of the province’s highlands between the Western and Central Cordilleras. The canton... More from Cosme Vinicio's previous loan »

Additional Information

About Fundación Alternativa

Fundación Alternativa encourages entrepreneurship and provides sustainable financial and non-financial services that promote social and economic development in Ecuador. The organization focuses on serving poor and excluded populations through analysis of clients' living conditions and by providing business training and other support services in urban, rural and marginalized parts of the country.

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
  • 39
    View loans »
    Ecuador Loans Fundraising
  • $26,685,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $575 helped Cosme Vinicio to clean up as he does every year at his cattle ranch.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jul 15, 2014
Aug 17, 2014
Currency Exchange Loss:
Feb 17, 2015
This photo was used before for a previous loan for Cosme Vinicio. It was first posted on Kiva on Jun, 2012. Learn More