Update on Ruth CeciliaSrta. Ruth is a member of the Communal Bank "Señoras de Taguan" (Ladies of Taguan). The members live in the community of San Bartolome in the canton of Sigsig, located Southeast of the Azuay Province. Its economy is based in agriculture, manufacturing and business, and the people still maintain the culture and traditions of their towns. The people are friendly and kind, fighting daily to improve their economy.
Srta. Ruth is 18 years old, single, is about to give birth to her first child, and lives with her mother who manages a bar. Her mother owns the house in which they live.
Ruth works at a clothing factory and she has been in this job for one year and also, at home she also raises chickens. She does these activities to improve her finances.
The money from her previous loan was invested to purchase chickens and food for her animals, her repayment period presented no issues. Her new loan will be used to purchase food for her chickens, to continue her business in raising chickens to continue in her chicken raising business.
She likes the communal bank because it is a very close group.
La Señorita Ruth tiene 18 años de edad, es soltera y está por dar a luz su primer hijo, vive con su madre quien tiene un bar, la casa en la que vive es de propiedad de su madre.
Ella se dedica a la costura, trabaja en una fábrica de ropa hace un año, también en su casa se dedica a la cría de pollos, estas actividades las realiza para mejorar su economía.
El dinero de su crédito anterior lo invirtió comprando pollos y el alimento para sus animales, en la cancelación del mismo no tuvo ningún problema. Su nuevo crédito lo va a utilizar para comprar comida para sus pollos para continuar con su negocio que es la cría de pollos.
La banca comunal le gusta porque su grupo es muy unido.
Previous Loan DetailsSrta. Ruth is a member of the Communal Bank "Señoras de Taguan" (Ladies of Taguan). The members live on the outskirts of a parish in the canton of Sigsig. This place has lush vegetation and many sites to visit. The people raise animals, engage in agriculture, and also produce handicrafts,… More from Ruth Cecilia'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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