Update on Gema AsunciónThe 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.
Gema lives in that place, she is 21 years old, single and is in her second semester in university for her executive secretary education. She lives in her parents’ home.
Gema and her father have a stall in the Picoaza market where they sell seafood, they sell all types of seafood like whole fish or by the pounds, shrimp, shellfish, crabs and many other varieties. They work everyday from 6:00 a.m. to 3:00 p.m., the foodstuffs are bought by her father everyday very early in the morning in the city of Manta since everything is there and it is much cheaper. Gema has worked in this business for two years but her father has over 15 years in this trade.
Gema is repeating a loan with Kiva since her business is doing very well despite having a period of time when seafood became scarce and they were more expensive and sales fell, but this was not a reason for her to be behind on her payments since she was always up to date and now hopes for a new loan to keep going ahead with her loan and family life. The loans have helped Gema a great deal since she was able to get ahead in her studies and one day will be a professional.
This loan will be used to buy fish, shrimp, shellfish, crabs and other varieties of seafood. This is Gema’s third loan with the Communal Bank and she enjoys it since the loans have allowed her to earn enough to meet her personal and university expenses.
Gema’s dreams are to finish her education and to be a professional. It was a pleasure talking to Gema, thank you for supporting her and the Espoir Foundation for helping her get ahead in life.
En este lugar conocimos a Gema, tiene 21 años de edad, está soltera y estudia el segundo semestre de secretariado ejecutivo en la Universidad. Vive en casa de sus padres.
Ella y su papá tienen un puesto en el mercado de Picoaza en el cual se dedican a la venta de mariscos, ellos venden de toda clase de mariscos como pescado enteros o por libras, camarón, conchas, cangrejos, entre otras variedades, trabajan todos los días desde las 6h00 hasta las 15h00, sus productos los va a comprar el papá todos los días en la madrugada a la ciudad de Manta ya que allá consigue de todo y más barato. Ella lleva dos años en este negocio pero su papá ya lleva como 15 años en estas actividades.
Ella está repitiendo el crédito con Kiva, ya que en su negocio ha estado bastante bien, aunque hubo un tiempo en que los mariscos escasearon y se pusieron más caros y las ventas disminuyeron, pero esto no fue razón para atrasarse en los pagos ya que siempre estuvo al dia, ahora espera realizar un nuevo crédito para seguir adelante en su negocio y en su vida familiar. Los créditos le han ayudado mucho ya que con esto ella puede seguir adelante en sus estudios y con esto algún dia ser profesional.
Este crédito es para comprar pescado, camarón, conchas, cangrejos, entre otras variedades de mariscos. Lleva tres ciclos en el Banco Comunal y le gusta porque con estos créditos ella puede ganar lo suficiente para sus gastos personales y de estudio.
Sus sueños son terminar sus estudios y llegar a ser profesional. Fue un placer conversar con Gema, gracias por apoyarla y apoyar a Fundación Espoir para seguir adelante.
Previous Loan DetailsThe Mujeres de Lucha [Women of Struggle] Communal Bank meets twice a month in the parish of Picoaza in the city of Portoviejo. This place is known for being a commercial zone and for its traditional Saint Peter and Saint John festivals and for the happiness of its people. We meet Gema here. She… More from Gema Asunción'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.