Update on Jessenia LuciaJessenia, 32, has lived in Guayaquil since she was born. Among laughter she relates that she’s still unmarried because she hasn’t yet met her Prince Charming. She lives with her parents since her economy does not allow her to buy a house of her own.
She learned the business from her parents since they were in that line of work and then she decided to become independent selling dehydrated potatoes and stuffed green banana balls. Now she has a small snack bar with a large clientele since his products are very well-liked.
Jessenia informs us that the sector isn’t too dangerous but there is some crime which does concern her. Her future goal is to buy a house with an attached locale so that she doesn’t have to pay rent anymore and improve her income.
Previous Loan Details24 year old Jessenia is an enterprising young woman whose mother taught her to make humita (a dish similar to tamales) when she was young so she started this humitas business so she will have good sales. With the help of her siblings, she currently goes out to sell humitas every day. The crime ... More from Jessenia Lucia'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 19, 2012
- May 3, 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.