Update on Carlos Alberto42-year-old Carlos is married with 3 children, and was born in Esmeraldas. He currently lives in Guayaquil but misses his hometown, especially the music and delicious cocktails that mesmerize visitors. His wife Nelva is a maid, and also sells products through catalogs. Their children help with her business in her spare time.
Carlos started raising and selling chickens at home to generate more income and spend more time with his family. He works every day to feed the birds in their hatchery. His biggest concern is that during the winter, the animals need more care. This is his fifth loan, and he wishes to buy more chickens to expand his business. Carlos' goal is to buy a house in a quieter area, as he fears that their children could be influenced by crime.
Previous Loan DetailsCarlos is 42 years old; he is a hard-working man who has a business selling chickens. He began by raising pigs, and as this was very profitable, he decided to sell chickens in a small hatchery. Little by little, he has grown his business, and currently his wife helps raise the chickens. He… More from Carlos Alberto'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
- 14 months (Additional Information)
- Repayment Schedule
- Mar 21, 2012
- May 3, 2012
- Currency Exchange Loss:
- Apr 18, 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.