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María Mercedes Elvia

Update on María Mercedes Elvia

María Mercedes needs a second Kiva loan. With the first one she was able to increase her assets thus increasing income and payment capacity. This time she needs a loan to improve her crops. Since she was widowed things have not been easy for her. However, with the loans she’s been able to get she’s managed to get ahead. She will use the money from this second loan to pay part of her previous loan and will use what’s left over to buy seeds and fertilizer to improve production.
View original language description ↓
María Mecedes requiere su segundo crédito con KIVA, en el primero pudo incrementar su patrimonio y de esta manera aumentar sus ingresos y su capacidad de pago. Esta vez requiere un crédito para poder mejorar su plantación. Desde que enviudó las cosas no han sido fáciles para ella sin embargo con los créditos que ha podido obtener ha logrado salir adelante. Con el dinero de este segundo crédito pagaré una parte de su crédito anterior y con lo que sobre comprará semilla y fertilizantes para mejorar su producción.

Previous Loan Details

Maria Mercedes is a 51 year old widow born in Latacunga, in the province of Cotopaxi which is located in the central Ecuadorian Andes. She lives with her son who is her daily concern because she, alone, has to meet his needs. The death of her husband was a very difficult event in her life because... More from María Mercedes Elvia's previous loan »

Additional Information

More information about this loan

About Fundación Alternativa

Fundación Alternativa encourages entrepreneurship and provides sustainable financial and non-financial services that promote social and economic development in Ecuador. The organization focuses on serving poor and excluded populations through analysis of clients' living conditions and by providing business training and other support services in urban, rural and marginalized parts of the country.

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.

About Ecuador

  • $10,600
    Average annual income
  • 98
    View loans »
    Ecuador Loans Fundraising
  • $25,071,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped María Mercedes Elvia to buy seeds and fertilizer.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jul 25, 2012
Aug 14, 2012
Currency Exchange Loss:
Sep 17, 2013
This photo was used before for a previous loan for María Mercedes Elvia. It was first posted on Kiva on Sep, 2011. Learn More