Update on Mitzi AsuncionPicoaza is described in books as one of the indigenous towns that is part of the Manteño culture. This urban parish is situated only ten minutes away from the city of Portoviejo, the capital of Manabí Province, a place filled with many stories. It is here that the members of the María Asunción Communal bank meet every 15 days.
It is in this place where one can meet Sra. Mitzi. She is 38 years old, married, and has three children (ages 18, 12, and 5). The two older children are in high school and the youngest is in elementary school. Her husband is a bricklayer.
Mitzi has a store in her home where she sell products such as rice, sugar, oil, detergents, and other items. In addition, she offers stationery and bazaar products, and engages in the recharging and sale of phone cards. Mitzi works every day from 6am to 8pm, and sometimes much later. Her children and her husband help out when they are not busy. She has been in business for 15 years and says that she is doing well. With the earnings she accumulated, she was able to build a house although the construction has not yet been completed.
Mitzi is repeating the loan process and says that things are doing well. With this loan she will be receiving, she will restock her business even more. Her profits will allow her to make additional improvements to her house. Her hopes and dreams are to continue with the help of the loans until her house is finally completed. This loan will be used in the same manner as the previous one. She will restock her store by purchasing rice, sugar, oil, clothing, and school supplies. Mitzi has been with her Communal Bank for more than 10 years and enjoys the help she has always received through the loans.
En este lugar conocimos a la señora Mitzi, tiene 38 años de edad, está casada y de esta relación tienen tres hijos de 18, 12 y 5 años de edad, los dos mayores estudian en colegio y el menor en escuela. Su esposo es albañil.
Nuestra amiga tiene una tienda en su casa, allí vende productos como arroz, azúcar, aceites, detergentes, entre otras cosas, además también vende productos de papelería y bazar, realiza recargas y venta de tarjetas telefónicas, trabaja todos los días desde las 6h00 hasta las 20h00 y a veces hasta más tarde, sus hijos y su esposo le ayudan cuando están desocupados, tiene su negocio 15 años y dice que le ha ido bien. Con la ganancia que ha tenido lo ha ido utilizando en construir su casa la misma que aun no termina por completo.
Ella está repitiendo el crédito y nos cuenta le fue bastante bien, con el crédito que recibió ella surtió mas su negocio y con las ganancias que le quedaron pudo mejorar mas su casa ya que ese es su sueños y espera seguir contando con la ayuda de los créditos para por fin terminar por completo su casa. Este crédito al igual que el anterior es para surtir más su tienda, va a comprar arroz, azúcar, aceite, ropa y útiles escolares. Lleva 10 más de años en el Banco Comunal y le gusta por la ayuda que siempre le dan los créditos.
Previous Loan DetailsPicoaza appears in books as one of the indigenous communities that belonged to the Manteña culture. The urban parish of that name is located only ten minutes from the city of Portoviejo, the capital of Manabí province. The community is full of stories. It is also the place where the members of... More from Mitzi Asuncion'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
- 7 months (Additional Information)
- Repayment Schedule
- May 11, 2012
- Jun 2, 2012
- Currency Exchange Loss:
- Nov 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.