Update on María ElizabethIn 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. María, who is 44years old, separated, and has 5 children 4 of which are grown-up and a 17 year old in high school. Two of her children still live at home.
Our friend works in various types of businesses to maintain her children since her husband left them when they were very young. Since then she took it upon herself to make sure they were raised well. She sells hardware tools and food. She works daily from morning to evenings to sell breakfast and lunches. Her specialty is Tonga which consists of rice and chicken wrapped in banana leaves and has a high demand from her clients. She sells the hardware tools from her home or sells door to door. She has been working in these businesses for more than 15 years and has done very well.
She is requesting another loan since her previous loans improved her business and made her life easier. She plans on using her extra income to pay for her youngest son's education. She will use this loan to buy more tools, rice, and other supplies to make plates to sell. This will be her third loan cycle and she likes the quickness of obtaining loans.
Her dream is to be able to offer her children all they need.
En este lugar vive la señora María, tiene 44 años de edad, en la actualidad está separada pero de esa relación tiene cinco hijos, cuatro mayores y el menor de 17 años de edad que estudia en colegio, dos de sus hijos aun viven en su casa.
Nuestra amiga se dedica a diversas actividades para sacar adelante a sus hijos pues su marido los dejo cuando sus hijos estaban aun pequeños y desde allí tuvo que valerse por sí misma para que nada les faltara, ella se dedica a la venta de productos de bazar y venta de comida, ella trabaja todos los días en las mañanas y tardes en lo que es la venta de comida pues prepara desayunos y almuerzos, su especialidad es la venta de tongas que son un plato con arroz y gallina criolla pero envuelto en hojas de plátano lo cual es muy apetecido por sus clientes, en cuanto a sus ventas de productos de bazar los realiza en su casa o si no sale a vender puerta a puerta, ella lleva más de 15 años dedicada a esta actividad y le ha ido muy bien.
Nuestra amiga está repitiendo el crédito ya que desde que esta recibiendo la ayuda de los créditos su vida a mejorado y también su negocio, nos cuenta que con lo que ahora le queda extra ella lo emplea en comprar cosas necesarias para los estudios de su hijo menor. Este crédito lo va utilizar en comprar productos de bazar, arroz, y otros víveres para preparar los alimentos. Lleva tres ciclos en el Banco Comunal y le gusta por la rapidez con que salen los créditos.
Su sueño es que a sus hijos no les falte nada.
Previous Loan DetailsThe members of the "Querer es Poder de Riochico" communal bank meet every two weeks in Santa Martha, in Riochico parish, in Portoviejo. This place is known for its vegetation, and the majority of its inhabitants work in agriculture. Maria, who is 44, lives here. She is separated from her… More from María Elizabeth'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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- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- May 18, 2012
- Jun 3, 2012
- Currency Exchange Loss:
- Jul 3, 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.