Update on Mayra KatherineThe September 7th Communal Bank meets every fifteen days in the city of Manta, a city known for its beautiful beaches that are frequently visited during all seasons and for being a city of unparalleled beauty with many tourist attractions.
In this place lives Mayra, who is 20 years old and single. She is studying at the university and lives at home with her parents.
She is a very hard-working young woman, who works selling all types of clothing in order to have her own resources, which allow her to continue studying. She makes her sales door to door, working three or four days a week for about three hours each day. The majority of her sales come from orders that her customers place in advance. She offers her products on credit and collects her payments every eight days. She purchases the clothing in Guayaquil since she can get it less expensive and there is more variety. She has worked for three years doing this and it is going well.
She is requesting another loan with the organization. The other loan that she received was a great help to her since with the earnings that she obtained she could pay her tuition and begin her studies at the university. She would like a new loan to be able to invest in her business and thus, acquire more income to be able to achieve her goal of becoming a great professional. This loan is to purchase all types of clothing. She has had three loan cycles in the communal bank and she enjoys it because the loans are very important in moving ahead.
Her dreams are to finish her studies and be a great professional.
En este lugar vive la señorita Mayra, tiene 20 años de edad y está soltera, está estudiando en la Universidad y vive en casa de sus padres.
Ella es una joven muy trabajadora que para obtener sus propios recursos y con esto poder seguir adelante con sus estudios se dedica a la venta de ropa todo tipo, su forma de venta es puerta a puerta ya que sale a recorrer de tres a cuatro días a la semana unas tres horas al día, la mayor parte de sus ventas son bajo pedidos que le hacen sus clientes con anticipación, deja sus productos a crédito y cobra cada ocho días. La ropa la compra en Guayaquil ya que allá consigue más barato y hay más variedad. Tiene 3 años que se dedica a esta actividad y le va muy bien.
Ella está repitiendo el crédito con la institución, el otro crédito que recibió le fue de mucha ayuda ya que con las ganancias que obtuvo ella pudo matricularse y pudo comenzar sus estudios universitarios, ella quiere un nuevo crédito para poder invertir en su negocio y así obtener sus ingresos para poder lograr sus metas que son ser una gran profesional. Este crédito es para comprar ropa de todo tipo. Lleva tres ciclos en el Banco Comunal y le gusta porque los créditos son muy importantes para seguir adelante.
Sus sueños son terminar sus estudios y ser una gran profesional.
Previous Loan DetailsThe 7th of September Communal Bank meets every fortnight in the city of Manta, which is well-known for its beautiful beaches that are busy throughout the year and for being a city of unrivalled beauty with many tourist attractions. Here we met 20 year old Mayra, who is single. This year she i... More from Mayra Katherine'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
- Aug 16, 2012
- Sep 6, 2012
- Currency Exchange Loss:
- Mar 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.