Update on Enrique TomásThe María Monserrate Communal Bank meets every two weeks in the city of Montecristi. It is known for its rich pre-colonial culture and for its handicrafts, which are recognized on a national and international level. The famous Panama hats are from this place.
This is where we meet Enrique, age 56. He is married and has three children; all of them are grown. Two of them still live with him. His wife is a great housewife.
In order to get his family ahead he sells fish. In order to do so every day at daybreak he goes to the beaches in the city of Manta. That is where he buys the best fish from the fishermen who come to this place. He then takes his products all over the city of Montecristi and places that are nearby. He makes his sales in a car that his father lends him so that he can earn a living. He has been in this business for 20 years. This is how he has always put food on the table so that his family does not lack anything.
He is getting another loan because he needs to buy much more fish for the daily sales. His sales are increasing, and therefore his income is as well. With the sales he has improved his financial situation and the well-being of his family. He has been in his communal bank for three years. He likes it because of the help he gets from the bank.
His dream is to buy a car in order to make his sales using his own transportation.
En este lugar conocimos a Don Enrique, tiene 56 años de edad, está casado y de esta relación tienen tres hijos, todos mayores de edad y dos de ellos aun vive con él. Su esposa es una gran ama de casa.
Él para sacar adelante a su familia se dedica al comercio, vende pescado, para lo cual todos los días se desplaza en la madrugada a las playas de la ciudad de Manta y allí compra el mejor pescado a los pescadores que llegan hasta este lugar, y luego recorre con sus productos por toda la ciudad de Montecristi y sitios cercanos, el realiza sus ventas en un carro de su papá que le presta para que él se pueda ganar la vida, lleva en este negocio 20 años y es así como siempre le ha llevado el pan a su mesa para que a su familia no le faltara nada.
Esta repitiendo el crédito ya que necesita comprar mucho mas pescado para la venta diaria, por que sus ventas an aumentado y por lo tanto sus ganancias, con las cuales ha mejorado su situación económica y el bienestar de su familia. Lleva tres años en el Banco Comunal y le gusta por la ayuda que recibe del banco.
Su sueño es comprar un carro para realizar sus ventas en su propio transporte.
Previous Loan DetailsThe María Monserrate Communal Bank meets every two weeks in the Montecristi canton. It is known for its rich pre-colonial culture and for its handicrafts, which are recognized on a national and international level. The famous Panama hats are from this place. Engrique, age 49, lives here. He... More from Enrique Tomás'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 30, 2011
- Dec 9, 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.