Many of the private loans were to members of the Association of Agriculturists of Ecuador, an organization that also received government funds intended to promote an international cartel of cacao growers, but which instead were used to line members' pockets.
Mange af de private lån gjordes af medlemmer fra Ecuadors jordbrugsforening, en organisation som tillige fik bidrag for at arbejde for et internationalt kartel af kakaodyrkere, men som i stedet gik ned i medlemmernes egne lommer.