Update on Cristina MagalyIn Santa Martha of Parish Riochico in Portoviejo, every 15 days members of Communal Bank "Querer es Poder" of Riochico meet. This place is known fors it vegetation where the majority of the inhabitants work in agriculture.
Here lives Mrs. Cristina, who is 38 years old, lives in a common-law-marriage, and has a 16, 12, and 6 year old. The oldest is in college and the younger two still in school. Her husband is a salesman.
Our friend is a great housewife who also dedicates her time buying and selling chickens. Three days a week she puts a small stand in her home where she sells whole chickens or by the pound ready for consumption. She tells us that she has lots of clients that come and buy from her because she cleans them thoroughly. She has been working in this business for more than 8 years and it has been going very well.
She is requesting another loan. Her previous loans improved her business and with her extra income was able to pay for school supplies, uniforms, various other things, and her children's education. The loans have made life easier for her. She will use this loan to buy more chickens to sell daily. This will be her fourth loan cycle and she likes the ease of obtaining loans.
Her dream is to have a great store.
En este lugar vive la señora Cristina, tiene 38 años de edad y mantiene una relación de unión libre de la cual tiene tres hijos de 16, 12 y 6 años los mismos que estudian los mayores en colegio y el menor en escuela. El marido se dedica al comercio.
Nuestra amiga es una gran ama de casa que además se dedica al a compra y venta de pollos, para lo cual tres días a la semana pone un pequeño local en su casa en el cual vende pollos enteros y por libras pero ya pelados listos para el consumo, nos cuenta que tiene muchos clientes que le llegan a comprar los pollo ya que los entrega bien limpios. Nos cuenta que lleva realizando esta actividad por más de seis años y que le va muy bien.
Ella está repitiendo el crédito, nos cuenta que con el crédito anterior su negocio mejoro y las ganancias que le quedaron por su trabajo lo empleo en cosas necesarias para sus hijos como útiles escolares, uniformes y varias cosas más para los estudios de ellos, para ella los créditos le han facilitado su vida ya que antes no tenía financiamiento y ahora todo se le hace más fácil con los créditos. Este crédito lo va a utilizar para comprar más pollos para la venta diaria. Este es su cuarto ciclo y le gusta por la facilidad que ha tenido para conseguir los créditos.
Su sueño es tener una gran tienda.
Previous Loan DetailsEvery two weeks, the members of the 'Querer Es Poder' community bank meet in Santa Martha, in Riochico parish, in Portoviejo. This place is known for its vegetation and most of the local people work in agriculture. This is where Cristina lives. Cristina is 38 years old, lives with her… More from Cristina Magaly'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
- 8 months (Additional Information)
- Repayment Schedule
- May 18, 2012
- Jun 3, 2012
- Currency Exchange Loss:
- Dec 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.