Update on Carlos AntonioCarlos is 40 years old and lives in Playas, Ecuador. He learned how to make clothes when he was very young. Little by little, he worked in tailoring until he was able to have his own shop. He started his business with a sewing machine and learned sewing little by little through the orders. In order to make more income, he started to work with an insurance company. But when he's not working at the company, he makes clothes. He has a lot of dreams for his business and that is why he wants the loan, to buy fabric and thread.
Inicio su negocio con una máquina de coser y aprendió poco a poco la costura mediante de pedidos. Pero para generar más ingresos él comenzó a trabajar en una compañía de seguro. Pero en los horarios que no trabaja en la compañía se dedica a la confección de ropa. Tiene muchas aspiraciones con su negocio por eso quiere el préstamo para comprar (telas, hilos).
Previous Loan DetailsCarlos is 39 years old. He is a hardworking man who learned how to make clothes when he was very young. Little by little, he worked in tailoring until he was able to have his own shop. He started his business with a sewing machine and learned sewing little by little through the orders. In order… More from Carlos Antonio's previous loan »
About Banco D-MIROBanco D-MIRO is a microfinance institution that serves the most vulnerable sectors of Ecuador’s economy. It offers very small loan sizes without requiring collateral, expanding access to borrowers who would not otherwise be able to access capital to start and grow their own businesses. It also specifically targets borrowers who are excluded from formal financial systems due to race, ethnicity, gender, disability or illness.
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
- 17 months (Additional Information)
- Repayment Schedule
- Mar 9, 2012
- Apr 9, 2012
- Currency Exchange Loss:
- Jul 17, 2013
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.