Update on Felisa MagalyThe communal bank Camino Al Progreso meets bimonthly in the city of Montecristi. This city is known for its rich pre-colonial culture and its artisanal crafts that are nationally and internationally renown.
Here we meet Señora Felisa who is 33 years old, married and has four children ages 16, 13, 11 and 8 with her husband. The older two are in secondary school and the younger two attend primary school. Her husband is a mason.
Felisa is a home maker who sells clothing from catalogs, Avon products (beauty products, cosmetics, perfumes and women's accessories), and phone cards so that she can have her own income. She works weekends, selling her products on credit and collecting every Sunday. She receives her products at home. She has been doing this for more than ten years and things are going well for her.
She will use this loan to buy perfumes, creams, cosmetics, clothing and phone cards as she wants to take advantage of the Christmas and New Year season. This is her seventh loan cycle with her communal bank and she likes it for the support they give her.
She is taking out another loan because she needs to buy more products as she has many orders. She has prospered in her life and this is thanks to the loans that have allowed her to buy certain things that her kids needed. For this she is very grateful to the institution. The loans have also improved her business as well as her personal life.
She dreams of seeing her children finish their studies.
En este lugar conocimos a la señora Felisa, tiene 33 años de edad, está casada y de esta relación tienen cuatro hijos de 16, 13, 11 y 8 años de edad, los dos mayores estudian en colegio y los menores en escuela. Su esposo es albañil.
Ella es una ama de casa que para obtener sus propios recursos se dedica a la venta de ropa por catalogo, de productos Avon (productos de belleza, cosméticos, perfumería y accesorios para damas) y de tarjetas telefónicas. Trabaja los fines de semana, deja sus productos a crédito y cobra cada domingo. Sus productos los recibe en su casa. Lleva más de diez años que se dedica a esta actividad y le va muy bien.
Este crédito es para comprar perfumes, cremas, cosméticos, ropa y tarjetas telefónicas ya que quiere aprovechar la época de Navidad Y Año Nuevo. Este es el séptimo ciclo en el Banco Comunal y le gusta por la ayuda que le dan.
Ella está repitiendo el crédito porque necesita el dinero para comprar más productos ya que tiene muchos pedidos. Ella ha prosperado mucho en su vida y esto es gracias a los créditos ya que ha podido comprar ciertas cosas que sus hijos necesitaban, por esto está muy agradecida con la institución ya que con los créditos su negocio mejora y también su vida personal.
Su sueño es ver que sus hijos terminen sus estudios.
Previous Loan DetailsThe Camino Al Progreso [Road to Progress] community bank meets every two weeks in the Montecristi canton. It is known for its rich pre-colonial tradition and for its artisanal crafts at the national and international level. It is where the famous paja toquilla hats come from. This is where… More from Felisa Magaly'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