Marjorie Del Rocio
Update on Marjorie Del RocioMarjorie, 33, with God’s help has managed to get ahead with her business. To date, she’s been able to enlarge her small stationery and sweet shop adding gift items to sell. To date, her problem continues to be crime since the neighborhood she lives in is dangerous. She wants to use the loan to buy stationery items, sweets, etc. She continues happily married and, thanks to God, her children are well and continue studying. With the loan she gets she wants to continue expanding her business more.
Hasta ahora su problema sigue siendo la delincuencia ya que el sector en que vive es peligroso.
Con el prestamo quiere comprar papeleria, confiteria etc. Sigue felizmente casa y gracias a Dios sus hijos están bien y siguen estudiando. Con el préstamo que adquiera quiere seguir ampliando mas su negocio.
Previous Loan DetailsMarjorie is 33 years old. She set up her stationery store 10 years ago so that she could help with her family's expenses. She started by selling exercise books, pens and paper to her neighbors and acquaintances. She was able to make enough money to set up a small stationery store and so she ad... More from Marjorie Del Rocio'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
- 14 months (Additional Information)
- Repayment Schedule
- Oct 25, 2011
- Nov 23, 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.