Update on Rosa MacloviaRosa is a member of the “Sector 3 Marías” communal bank and lives in a community that belongs to Turi Parish in Cuenca. This parish is known as the City’s Overlook because a great part of the city can be observed from there. Its residents are merchants, raise animals and farm; they are noted for being nice and kind.
Rosa as well as her entire family are in very good health . She raises chickens, an activity she started with the first loan cycle in the communal bank. Two months ago she started working cleaning houses. She does these jobs to contribute to household economy and raise her children.
She used her previous loan to buy chickens and chicken feed. She was late with one payment because her mother got sick but she’s caught up on her payments now.
She likes the communal bank because of the companionship that exists among the members and because of the ease in getting loans. She will use her new loan to buy chickens and pigs.
Doña Rosa se encuentra muy bien en su salud al igual que toda su familia. Ella se dedica a la cría de pollos, inicio esta actividad con el primer crédito que realizo en la banca comunal. Hace dos meses comenzó a trabajar en la limpieza de casas, se dedica a estos trabajos para poder aportar a la economía de su hogar y sacar adelante a sus hijos.
El crédito anterior lo ha invertido en la compra de pollos y en alimento para los mismos, en el pago de su crédito se atrasado una letra debido a que su mamá se encontraba enferma pero ya esta al día en sus pagos.
La banca comunal le gusta por el compañerismo que existe en el grupo y la facilidad para conseguir los créditos. Su nuevo crédito lo va a invertir en la compra de pollos y cerdos.
Previous Loan DetailsSra. Rosa is a member of the Sector 3 Maria communal bank. She lives in the outskirts of the city of Cuenca. This city has a cold climate and its people are very charismatic, friendly and maintain their culture and traditions. The architecture of Cuenca is a mix of colonial and modern, which makes… More from Rosa Maclovia'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
- 8 months (Additional Information)
- Repayment Schedule
- Dec 28, 2011
- Jan 12, 2012
- Currency Exchange Loss:
- Jul 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.