Update on Julia TeresaJulia has been a member of community bank El Arenal for three and a half years. She lives in Cuenca, a city with a cold climate that was designated a World Heritage site in December of 1999. The people of Cuenca continue to maintain their culture and traditions.
Julia is 35 years old, married and she and her husband have three children ages 12, 11 and 1 year old. Her oldest daughters are in school. Her husband is an artesan. They rent their home. Julia tells us that she is in good health at the moment, as are all the members of her family and she is grateful to God for this.
Julia works in an upholstery shop that belonged to her husband when he was single and is now a family business. The business allows her to be at home to take care of her family. All of her previous loans were used to grow the family business. The new loan will be used to buy fabric, thread and leather for the business. She likes the communal bank for it's camaraderie and because the loans allow her to cover all the costs of her business. Her dream is to continue growing her business.
La Señora Julia tiene 35 años, es casada y en su unión conyugal ha concebido 3 hijos de 12, 11 y 1 año de edad, sus dos primeras hijas estudian en colegio y en escuela. Su esposo es artesano, la casa en la que viven es arrendada.
Ella nos comenta que por el momento está bien de salud al igual que están todos los miembros de su familia por lo que le agradece a Dios.
La Señora Julia labora en un taller de tapicería desde que se caso ya que su esposo tenía el taller desde que era soltero y ahora es un negocio familiar, negocio que le permite pasar en casa al cuidado de su familia.
Todos los créditos anteriores le han permitido aportar para crecer en el negocio de la familia. Su nuevo crédito lo va a invertir en la compra de telas, hilos y cuero para su negocio. En el pago de su ultimo crédito se atrasado un poco porque el negocio ha estado un poco bajo pero ya realizo la cancelación total del crédito.
La banca comunal le gusta porque hay un gran compañerismo y los créditos le permiten solventar los gastos de su negocio.
Su sueño es seguir creciendo en su negocio.
Previous Loan DetailsJulia is a member of the El Arenal communal bank. She lives in the city of Cuenca, which is known for its natural and architectural beauty. Since 1999 it has been a World Heritage Site. It is the third most important city in the country's economy. Its people have great charisma and warm heart... More from Julia Teresa'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
- Jul 17, 2012
- Sep 3, 2012
- Currency Exchange Loss:
- Feb 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.