Update on María DayceThe “María Auxiliadora” communal bank meets every two weeks in La Sequita Parish in Montecristi, a canton known for the famous straw hats that are highly regarded both within the country and abroad.
We met Dayce, 51, here. She’s in a common law relationship and has five adult children; the youngest one is still single and lives with her. Her husband’s a merchant.
She is a very good housewife and wife and she’s taking out the loan to help her husband with his business. He sells fruit, legumes and vegetables. He heads out at dawn to buy vegetables and fruit from nearby fields and some of the products he buys at the Portoviejo wholesale market to then resell from his car throughout the city of Manta. He does this five days a week and has been doing it for more than 20 years.
She is repeating the loan and will use it to buy fruit, vegetables and legumes so that her husband can continue in business. She’s been in the communal bank for more than 10 years and likes it because through the loans she’s able to help her husband.
Her dream is to buy another car because the one they have is pretty deteriorated. For them, the loans are very important because they are able to finance their business with them and her husband is thus able to bring home daily bread and provide them a life with dignity.
En este lugar conocimos a la señora Dayce, tiene 51 años de edad y mantiene una relación de unión libre de la cual tiene cinco hijos todos mayores de edad, el menor de ellos que es soltero aun vive con ella. El esposo es comerciante.
Ella es una muy buena ama de casa y esposa que realiza el crédito para ayudar a su esposo en su negocio, él se dedica a la venta de frutas, legumbres y verduras, se desplaza desde la madrugada a comprar verduras y frutas por los campos cercanos y algunos otros productos en el mercado mayoristas de Portoviejo para luego vender sus productos en su carro por toda la ciudad de Manta, esto lo realiza cinco días a la semanas y viene realizando esta actividad por más de 20 años.
Esta repitiendo el crédito y va a utilizar en comprar frutas, verduras y legumbres para que su esposo siga con su negocio. Lleva más de 10 años en el Grupo De Crédito y le gusta porque a través de los créditos ella puede ayudar a su esposo.
Su sueño es comprar otro carro ya que el que tienen está muy deteriorado. Para ellos los créditos son muy importantes ya que es con ellos pueden financiar su negocio y con esto su marido puede llevar el pan diario a su hogar y brindarles una vida digna.
Previous Loan DetailsThe María Auxiliadora (Mary Help of Christians) Loan Group meets in La Sequita parish, which belongs to Montecristi Canton, a flourishing canton in Manabi, known as the birthplace of the Viejo Luchador ("Old Fighter" and a former president of Ecuador) Eloy Alfaro, and known for its famous Panama ... More from María Dayce'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
- 7 months (Additional Information)
- Repayment Schedule
- Dec 19, 2011
- Jan 8, 2012
- Currency Exchange Loss:
- Jun 16, 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.