Update on Jenny JaninaThe communal bank "Seventh of September" meets every two weeks in the city of Manta, a city known for its beautiful beaches, which are well visited in every season of the year, and for being a city with unequaled beauty and many tourist attractions.
Señora Jenny lives in this place. She is 36 years old and is a single mother with a 19-year-old son who is studying in the university. She has been in the communal bank for four loan cycles, and she likes it because the loans are quick and don't have too many requirements.
She works in commerce in order to earn a living and thus help her son with his studies. She has a shop in her house where she sells American clothing, shoes, and purses, among other products, that they send her from the United States. She works in her business every day, and she also prepares food and appetizers for a social events center in the city, a business that she works in up to two times a week and from which she earns a good amount by selling these dishes. She has had this business for more than 9 years, and this is how she has managed to raise her son alone so that he could become a good person.
She is repeating the loan that was of so much help to her, since she was able to pay for the merchandise that arrived for her during this time. In her business, as always, she has had very good days and others that were not so good, but it has allowed her to advance and to give her son a very good education. This loan is to buy clothing, shoes, and purses (for her store) and groceries to prepare her delicious dishes.
Her dream is to have a big restaurant in the city.
En este lugar vive la señora Jenny, tiene 36 años de edad, es madre soltera de un hijo de 19 años que estudia en universidad. Lleva cuatro ciclos en el Banco Comunal y le gusta porque los créditos son rápidos y sin tantos requisitos.
Ella para ganarse la vida y así ayudar a su hijo en sus estudios se dedica al comercio, tiene un local en su casa en la cual vende ropa americana, zapatos, carteras, entre otros productos que le envían de los Estados Unidos, trabaja todos los días en su negocio y también prepara comida y bocadillos para un centro de eventos sociales de la ciudad, actividad que realiza hasta dos veces por semana y con lo cual se gana una buena cantidad por la venta de estos platos, lleva más de 9 años con su negocio y es así como ha logrado sacar adelante sola a su hijo para que este sea una persona de bien.
Ella está repitiendo el crédito el cual le fue de mucha ayuda ya que pudo pagar una mercadería que le llego en esos días, en su negocio como siempre ha tenido días muy buenos y otros no tanto pero este le permite salir adelante y darle a su hijo una muy buena educación. Este crédito es para compra ropa, zapatos, carteras y víveres para preparar sus deliciosos platos.
Su sueño es tener un gran restaurante en la ciudad.
Previous Loan DetailsThe 7 De Septiembre communal bank meets every 2 weeks in the city of Manta. This city is known for its beautiful beaches that are visited frequently all year long, and for being a city with unequaled beautiful with many tourist attractions. Here we meet Jenny. She is 36 years old and a single… More from Jenny Janina'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.