Update on Nelly MargaritaNelly is 56 years old. She has continued with her small business, which has been going very well for her. With her previous loan and the help of God, she has been able to make progress.
She is now requesting a new loan to extend her business by buying cement and sand, and purchasing hair dye. She wants to open a second premises in the same line of business, but in a different part of the city.
Her dream is that her businesses will grow to the extent that she can provide employment to others, and also so that she will have a very good income.
Ahora ella solícita un nuevo préstamo para el incremento de su negocio comprando cemento, arena y comprar tintes donde quiere poner otro local del mismo negocio pero en otra parte de la urbe.
Su sueño es q sus negocios crezcan en donde ella pueda brindar empleo, también en donde ella pueda tener ingresos económicos muy bueno.
Previous Loan DetailsNelly is 55 years old, and lives in an urban area in the Guayaquil suburbs. She is not married, but has done well with her four children. She has a small beauty salon where she offers all types of haircuts, coloring, straightening. She started her small beauty salon when she was 33 years old,… More from Nelly Margarita's previous loan »
About Banco D-MIROBanco D-MIRO is a microfinance institution that serves the most vulnerable sectors of Ecuador’s economy. It offers very small loan sizes without requiring collateral, expanding access to borrowers who would not otherwise be able to access capital to start and grow their own businesses. It also specifically targets borrowers who are excluded from formal financial systems due to race, ethnicity, gender, disability or illness.
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
- Repayment Term
- 15 months (Additional Information)
- Repayment Schedule
- Sep 29, 2011
- Oct 20, 2011
- Currency Exchange Loss:
- Nov 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.