Update on Laura AlejandrinaLaura is a member of the “La Esquina” (The Corner) communal bank. She lives in Sinincay Parish in Cuenca, a place with beautiful places to visit. Its residents farm, raise livestock and are merchants. Many are employed in various jobs in the city of Cuenca.
Laura is 34 years old, married and has four children who are 14, 13, 10 and 2 years old. Two of them attend secondary school and one goes to the local little elementary school. Her husband works as a bricklayer in construction. They own the house they live in.
Laura told us that her health is improving from surgery she had a month ago; the family is all in good health.
She spends most of her time at home where she raises animals like guinea pigs, chickens and cattle, an activity she’s been doing for 15 years and that has allowed her to cover her household needs and care for her family.
She used her previous loan to buy animal feed. She’s had no problems repaying the loan and has made her payments to date. She is asking for a new loan because she wants to buy chicks and cattle to continue with her business.
She likes the communal bank because of the companionship within the group and the because of the credit benefits for their businesses. Her goal is to buy pasture land to raise more cattle.
Doña Laura tiene 34 años, es casada y en su unión conyugal ha concebido 4 hijos de 14, 13, 10 y 2 años de edad, 2 estudian en el colegio y 1 en una escuelita de la ciudad. Su esposo labora en el área de la construcción como albañil, la casa en la que viven es de su propiedad.
La Señora. Laura nos comenta que en su salud está bien recuperándose de una operación que se ha realizado hace un mes, su familia se encuentra muy bien en la salud.
Ella pasa el mayor de su tiempo en casa en donde se dedica a la cría de animales como: cuyes, pollos y ganado, actividad que la desempeña hace 15 años la misma que le ha permitido solventar las necesidades de su hogar y cuidar de su familia.
Su crédito anterior lo ha invertido comprando comida de animales, en el pago de su crédito no ha tenido dificultad por lo que ha realizado los pagos a la fecha. Está pidiendo un nuevo crédito ya que quiere comprar pollos y ganado para continuar con el negocio. La banca comunal le gusta por el compañerismo del grupo y el beneficio del crédito en sus negocios.
Su meta es comprar potreros para criar mas ganado.
Previous Loan DetailsLaura is a member of the communal bank "La Esquina." She lives in the Sinincay parish. Here one can find beautiful places to observe nature, a great variety of traditional dishes, and people who maintain their culture and traditions. The people here are known for their kindness and friendliness.… More from Laura Alejandrina'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
- Feb 29, 2012
- Mar 24, 2012
- Currency Exchange Loss:
- Sep 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.