Update on JuliaThe September 7th Communal Bank meets every 15 days in the city of Manta, which is known for its beautiful beaches. There are many visitors who come throughout the year since Manta is a city that has unequaled beauty and many tourist attractions.
Sra. Julia lives in this place. She is 73 years old and her husband died several years ago. Julia has seven grown children. Six of them live at her house with their families.
Julia sells natural products by going door-to-door. Most of her products are sold by accepting orders. She works three days a week by making deliveries and taking payments since her products are offered on credit. Julia collects payment every eight days. She has been in business for more than 12 years and has done very well. The products she sells the most are Vita Toro, Hepalive, laxatives, PH, and other items. Her other products have also sold very well.
Julia is requesting another loan since her previous one was a great help. She had been quite ill, so she was able to use the profits from her business to pay for her medical expenses and medicines. This loan will be used to buy natural products. Julia is receiving her third loan from the Communal Bank and she enjoys the assistance provided by Fundación ESPOIR. Her dream is to move forward as God will allow.
En este lugar vive la señora Julia, tiene 73 años de edad, hace varios años su esposo falleció pero de esa relación tuvo siete hijos los mismos que ya son mayores de edad, seis aun vive en su casa con sus familias.
Ella se dedica a la venta de productos naturales, su forma de venta es puerta a puerta y la mayoría de sus productos los vende bajo pedidos, trabaja tres días a la semana en las entregas y cobros ya que deja sus productos a crédito y cobra cada ocho días. Tiene más de 12 años que se dedica a esta actividad y le va muy bien, lo que más vende es el Vita toro, hepalive, los purgantes, el PH, entre otros ya que son muy buenos.
Ella está repitiendo el crédito ya que el anterior fue de mucha ayuda porque estuvo bastante enferma y si no hubiera sido por las ganancias que le da su negocio no hubiera tenido para los gastos de médico y medicinas. Este crédito es para comprar productos naturales. Este es el tercer ciclo en el Banco Comunal y le gusta por la ayuda que le ha brindado la institución.
Su sueño es seguir adelante hasta que Dios se lo permita.
Previous Loan DetailsThe members of the 7 de Septiembre community bank meet every two weeks in the city of Manta. This city is known for its beautiful beaches which are very popular year round. It is also a city with lots of tourist attractions and a beauty which is second to none. Here we meet Julia who is 73… More from Julia'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 7, 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.