Update on Manuela MarisolThe Communal Bank Women Who Fight to Get Ahead meets every two weeks in the Picoaza parish in the city of Portoviejo. It is a well known area for being commerce friendly, the traditional festivities of Saint Peter and Saint Paul and for the vivacity of its people.
Mrs. Manuela lives in that place, she is 43 years old and has been in a common law marriage for several years. Her husband is a professional chauffeur.
Mrs. Manuela is hardworking and a fighter since besides being a housewife she is a saleswoman; she sells clothing and shoes of all types. She sells her items door to door and in her home where she has a small place where she also sells refreshments and other beverages. She works three days of the week in the mornings as she does her visits and works everyday in her home selling her items from 8:30 a.m. to 7:00 p.m. Mrs. Manuela leaves her items on credit to her customers and collects every two weeks. Her merchandize is bought in Guayaquil every two weeks or monthly depending on her needs. She has worked in this field for over ten years and has done quite well.
Mrs. Manuela is repeating a loan with Kiva since in these past two months her sales have increased considerably because of the Christmas and New Years' celebrations which are when she sells the most. She now hopes to have a new loan to buy more merchandize and to have greater earnings, she did not have any problems with her payments last time, and she paid the debt ahead of time to have access to this new loan. For Mrs. Manuela, the loans are very important since this is how she is able to finance what she needs to keep her business improving.
This loan will be used to buy shoes and all types of clothing. This is her eight loan with her Communal Bank and she enjoys it because the loans are not that difficult to obtain.
Her dreams are to have a shop or a big store. It was a pleasure talking to Manuela and thank you for supporting her and the Espoir Foundation for helping her get ahead in life.
En este lugar vive la señora Manuela, tiene 43 años de edad y mantiene una relación de unión libre desde hace algunos años. El marido es chofer profesional.
Ella es una mujer muy trabajadora y luchadora que además del hogar se dedica al comercio, vende ropa y zapatos de todo tipo, su forma de venta es puerta a puerta y también vende en su casa donde tiene un pequeño local en el cual también vende sodas y otras bebidas. Trabaja tres días de la semana por las mañanas en sus recorridos y en su casa vende todos los días desde las 8h30 hasta las 19h00, ella deja a crédito a sus clientes y cobra cada quince días. Su mercadería la va a comprar a Guayaquil cada quince días o al mes de acuerdo a lo que necesite. Tiene más de diez años que se dedica a esta actividad y le va muy bien.
Ella está repitiendo el crédito con Kiva, ya que en estos dos meses sus ventas han aumentado considerablemente y esto por las fiestas de Navidad y Año Nuevo que es cuando más vende, ahora espera realizar un nuevo crédito para comprar mucha más mercadería y poder obtener mejores ganancias, ella no tuvo ningún problema con los pagos y más bien se adelanto para conseguir este nuevo crédito. Para ella los créditos son muy importantes ya que es así como puede financiarse y seguir adelante en su negocio.
Este crédito es para comprar zapatos y ropa de todo tipo. Lleva ocho ciclos en el Banco Comunal y le gusta porque los créditos no son tan difíciles para conseguir.
Sus sueños son tener una tienda o un gran almacén. Fue un placer conversar con Manuela y gracias por apoyarla y apoyar a Fundación Espoir para seguir adelante.
Previous Loan DetailsThe Mujeres De Lucha [Women of Struggle] communal bank meets every two weeks in the Picoaza parish in the city of Portoviejo. The place is known for being very commercial and for its traditional festivals of Saint Peter and Saint Paul and for the cheerfulness of its people. This is where… More from Manuela Marisol'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
- Dec 15, 2011
- Dec 29, 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.