Update on Angela RamonaEvery two weeks, the members of the 'La Frontera de Urvavisa' community bank meet in the city of Portoviejo. This beautiful city of green mountains and beautiful landscapes has been known for many years as 'The City of the Valley'.
Angela is a founding member of her community bank. She likes it because of the help that they provide in the form of loans. This helps her to make progress in her business and improve her financial situation. Angela is 57 years old. Her husband died several years ago. She has three children from her marriage who are all now grown up and independent.
In order to make progress, together with her family, Angela has a general store in her home where she sells all kinds of products such as rice, sugar, oil, detergents, vegetables, greens and meat. She works every day, from 6.00am to 8.00pm, and sometimes until even later. She also sells clothing and shoes. She makes these sales from her store and also door to door. She enjoys being in this business because, in addition to making a living, she also enjoys herself and keeps up to date with what is going on in the local area. Angela has been working in her business for more than 15 years and is doing very well.
Angela is taking out a new loan because she was able to use some of the profits that she previously made to treat and recover from some ailments that she was suffering from. She is now enjoying much better health and hopes to use this loan to further stock her store. She will buy rice, oil, clothing, shoes and other products.
Angela's goal is to continue making progress in her business and to further grow her store.
La señora Angela es socia fundadora del Banco comunal y le gusta por la ayuda que le brindan los créditos para salir adelante en su negocio y mejorar su situación económica. Tiene 57 años de edad, hace varios años su esposo falleció pero de esa relación tiene tres hijos los cuales ya son mayores de edad e independientes.
Ella para salir adelante junto a su familia, tiene una tienda general en su casa, allí vende todo tipo de productos, como arroz, azúcar, aceites, detergentes, legumbres, verduras y carne, trabaja todos los días desde las 6h00 hasta las 20h00 y a veces hasta más tarde, ella también vende ropa y zapatos, ventas que realiza en su tienda o en ciertas ocasiones también las realiza puerta a puerta, a ella le encanta estar en su negocio ya que allí además de ganarse la vida se entretiene y se entera de las novedades que pasan a su alrededor. Tiene más de 15 años con su negocio y le va muy bien.
Está repitiendo el crédito ya que gracias a lo que le quedo de ganancias pudo tratarse de unas dolencias que tenia pero actualmente ya está mucho mejor, ahora espera emplear crédito para surtir mas su tienda, va a comprar arroz, azúcar, aceite, ropa, zapatos y otros productos de primera necesidad.
Su meta es seguir adelante en su negocio y que su tienda crezca cada día más.
Previous Loan DetailsIn the city of Portoviejo, beautiful city of green mountains and enchanting vistas, known for many years as “Ciudad Del Valle” (City of the Valley), we found the place where every fifteen days the members of the “La Frontera de Urvavisa” communal bank meet. Ángela is a founding member of the… More from Angela Ramona'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
- 6 months (Additional Information)
- Repayment Schedule
- Aug 20, 2012
- Sep 9, 2012
- Currency Exchange Loss:
- Jan 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.