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Cristina De Las Mercedes

Update on Cristina De Las Mercedes

Cristina is 37 years old. She was born in Guayaquil and lives with her family. She is married to Washington, who is a tailor. They have three school age daughters who attend public school. Cristina tells us that she has been a seamstress for many years. Currently, she makes vests which she sells to companies. She doesn't do the work alone since she counts on the help of her husband who also knows the business. She doesn't have a fixed schedule because she increases or decreases her production according the orders (she receives). She also tells us that the problem she has right now is the roads which are in disrepair and that makes the delivery of merchandise difficult. Cristina also sells chemical cleaning products which generates extra income. With the loan, she is going to buy chemicals, fabric and thread with the hope of increasing her production in order to purchase a vehicle.
View original language description ↓
Cristina tiene 37 años, nació en Guayaquil y viven con su familia. Está casada con Washington quien es sastre, tienen 3 hijas en etapa escolar que asisten a la escuela fiscal. Cristina nos cuenta que desde hace varios años es costurera, en la actualidad realiza chalecos que vende a las compañías. El trabajo no lo realiza sola ya que cuenta con la ayuda de su esposo quien también sabe del negocio. No tiene horario establecido porque según el pedido aumento la producción o la disminuyen. También nos cuenta que el problema que tiene actualmente son las calles que por la época están deterioradas y esto dificulta la entrega de la mercadería. Cristina también vende químicos o productos de limpieza lo que le generan un ingreso extra en su economía. Con el préstamo va a comprar químicos, telas e hilos con esto desea aumentar su producción para comprar un vehículo.

Previous Loan Details

Cristina is 36 years old, and she has a seamstress shop. She lives along the Perimetral Highway, which is a periurban area that is surrounded by the Guayaquil salt marsh. When she was young she started working by sewing clothes. After having her children she slowly, and with effort, looked f... More from Cristina De Las Mercedes's previous loan »

Additional Information

About Banco D-MIRO

Banco 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.

About Ecuador

  • $10,600
    Average annual income
  • 63
    View loans »
    Ecuador Loans Fundraising
  • $24,996,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Cristina De Las Mercedes to purchase fabric, thread, and chemicals.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 4, 2012
May 12, 2012
Currency Exchange Loss:
Mar 15, 2013