Update on Herlinda MariuxiThe María Inmaculada Communal Bank meets every two weeks in the La Sequita de Montecristi parish. The canton is known for their famous Panama hats, which are valued inside and outside of the country.
Herlinda lives in this area. She is 22 years old and married. She has one seven month old son. Her husband works in a factory in Manta.
She has a small part of her home where she sells chicken by the pound and by the feet. She also raises chickens. However, since she does not have many chickens, her neighbors buy them. That way, she helps them and she helps herself since they buy them at a good price. She’s able to earn a good profit. She works every day and all day because her business is in her house. She has had this business for 5 years and it is going well.
This loan is to purchase chickens for raising and food for those chickens. She has been a part of the communal bank for four cycles. She likes it because she gets along well with the other members.
She requested the loan to purchase more chicken in order to have lots for the upcoming holidays and parties. Nowadays, she is selling lots of her animals at very good prices. Since she started receiving these loans, she does not have to worry about asking other people for money and then taking the majority of her earnings. Now she has more money to repair her house and give the best to her son.
Her dream is to continue expanding her business.
En este lugar vive la señora Herlinda, tiene 22 años de edad, está casada y de esta relación tienen un hijo de seis meses de nacido. Su esposo trabaja en una fábrica en Manta.
Ella tiene un pequeño local en su casa en el cual vende pollos por libras y en pie, también se dedica a la cría de pollos pero como no tiene muchos pollos les compra a los vecinos de la zona y con esto les ayuda y se ayuda ya que les compra a muy buen precio con lo cual le queda buena ganancia, trabaja todos los días y a toda hora ya que su negocio lo tiene en su casa, lleva cinco años en su negocio y le va bastante bien.
Este crédito es para comprar pollos para la cría y alimento para los mismos. Está en el Banco Comunal desde hace cuatro ciclos y le gusta porque se lleva muy bien con todas sus compañeras.
Ella está repitiendo el crédito y ha solicitado este crédito para comprar más pollos y tener bastante para las fiestas que se avecinan ya que en estos días se venden muchos de sus animalitos y a muy buen precio, desde que recibe estos créditos todo se le ha facilitado ya que no tiene que preocuparse por pedir dinero a otras personas que se llevaban la mayoría de sus ganancias, lo que es ahora le queda más para arreglar su casa y darle lo mejor a su hijo.
Su sueño es seguir aumentando su negocio.
Previous Loan DetailsThe "María Inmaculada" ["Immaculate Mary"] communal bank meets every 15 days in the parish of La Sequita de Montecristi, a canton known for being the birthplace of the famous revolutionary Eloy Alfaro and and for its famous palmetto straw hats, admired in Ecuador and abroad. This is where you ... More from Herlinda Mariuxi'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
- 6 months (Additional Information)
- Repayment Schedule
- Nov 22, 2011
- Nov 24, 2011
- Currency Exchange Loss:
- Apr 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.