Update on Kathy GiocondaThe 24th of May village is where the San José community bank meets. This area is known for its natural and beautiful scenery, for its traditional gastronomy, and for its hard-working and honest residents that primarily dedicate themselves to farming and raising animals.
This is where Katty lives. She is 38 years old and is in a common law marriage from which she has 4 children ages 17, 16, 14 and 6. The eldest studies at the university and the younger children are in school. Her husband is a teacher at the local school.
In addition to being a great homemaker she also works in commerce. She has a business selling wallets and Sayson products (beauty products, perfumes, and costume jewelry). She works everyday doing door to door sales. Also, her daughter helps with sales where she goes to school. She delivers her products on credit and charges every 15 days. She has done this business for more than a year and it is going quite well.
This loan is going to help her to buy perfumes, costume jewelry, cosmetics, creams and wallets. She has been in the community bank through four cycles and she likes the help that the loans have given her.
She is requesting another loan to buy more products and take advantage of the holiday season when she sells quite well. The loans have helped her very much since often she has not had the capital and the loans have helped her to continue in her business.
The loan helps her also in her family situation because with her earnings she has been gradually fixing up her home, and she can provide a better education for her children.
Her goal is to continue advancing her business.
En este lugar vive la señora Katty, tiene 38 años de edad y mantiene una relación de unión libre de la cual tiene cuatro hijos de 17, 16, 14 y 6 años, la mayor estudia en universidad y los menores en colegio y escuela. El marido es maestro en un colegio de la localidad.
Ella además de ser una gran ama de casa se dedica al comercio, tiene un negocio de venta de carteras y productos Sayson (productos de belleza, perfumería y bisutería). Trabaja todos los días y su forma de venta es puerta a puerta, también su hija le ayuda en las ventas en el lugar donde estudia, ella deja sus productos a crédito y cobra cada quince días, lleva en este negocio por más de un año y le va bastante bien.
Este crédito lo va a emplear en comprar perfumes, bisutería, cosméticos, cremas y carteras. Está en el Banco Comunal cuatro ciclos y le gusta por la ayuda que le han dado con los créditos.
Ella está repitiendo el crédito y es para comprar más productos y aprovechar la temporada de navidad que se vende bastante, los créditos a ella le sirven de mucho ya que muchas veces no ha tenido capital para seguir y los créditos siempre que llegan le sirven para continuar en su negocio, esto ayuda también en su situación familiar ya que con lo que ha ganado a podido poco a poco ir arreglando su hogar y a darles una mejor educación a sus hijos.
Su meta es seguir adelante en su negocio.
Previous Loan DetailsIn the province of Manabí we find the 24th of May village, which is where the San José cooperative bank meets. This area is known for its beautiful scenery and for its hard-working residents that primarily dedicate themselves to farming and raising animals. It is here that we meet Katty, 38 y... More from Kathy Gioconda's previous loan »
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
- 7 months (Additional Information)
- Repayment Schedule
- Nov 17, 2011
- Nov 22, 2011
- Currency Exchange Loss:
- May 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.