Update on Rosa ElviraRosa is a member of the Feria Libre community bank. She lives in the San Pedro del Cebollar neighborhood of Cuenca, an area known for its beautiful view of the city of Cuenca. The people work in agriculture, raising animals, and commerce. They are friendly, gentle, warm-hearted people who maintain the culture and traditions of their communities.
Rosa is 64 years old, separated from her husband, and has ten children who are all adults. Five of them are married and live independently, three are single, work, and help financially, and two study at the university in the city. She owns the house that she lives in.
Rosa works in agriculture. She plants vegetables and sells her harvests, and also buys for resale. She also raises various animals, an activity she has done since she was very young. She commented that her sacrifice has been worth the pain since some of her children are professionals and other are close to starting at the university.
She invested her last loan in paying for her children's university studies, and she paid back the loan on time. She will use this new loan to purchase chickens, guinea pigs, and pigs.
She likes her community bank because the group is very organized, they share pleasant moments at each meeting, and because she receives personal attention from the loan provider.
Doña Rosa tiene 64 años, está separada de su marido y en su unión conyugal ha concebido 10 hijos todos mayores de edad, cinco son casados y viven independientes, tres son solteros, trabajan y le ayudan económicamente, y dos de sus hijos estudian en una universidad de la ciudad. La casa en la que vive es de su propiedad.
Doña Rosa se dedica a la agricultura, siembra hortalizas y sus cosechas las vende y también compra para revender, cría varios animales, trabaja desde muy joven en esta actividad y nos comenta que su sacrificio ha valido la pena ya que algunos de sus hijos son buenos profesionales y otros están cerca de incorporarse de la Universidad.
El dinero de su crédito anterior lo invirtió en el pago de los estudios universitarios de sus hijos y la cancelación de dicho crédito lo realizo en las fechas indicadas. Su nuevo crédito lo va a invertir en la compra de pollos, cuyes y cerdos. La banca comunal le gusta porque son un grupo muy organizado, comparten gratos momentos en cada reunión y también porque reciben una atención personalizada por el promotor de crédito.
Previous Loan DetailsSeñora Rosa is a member of the communal bank Feria Libre. She lives in a beautiful sector of the city of Cuenca, a city that was named a UNESCO World Heritage site in December 1999. It is bathed by four rivers and has a varied gastronomy. Its people are kind, gentle, and hard-working, and they ma... More from Rosa Elvira'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
- Jun 13, 2012
- Jul 6, 2012
- Currency Exchange Loss:
- Jan 15, 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.