Update on Yolanda MarisolIn the city of Portoviejo, a beautiful city of green mountains and enchanting landscapes, known for many years as the City of the Valley, we find the place where the members of the “La Frontera De Urvavisa” communal bank meet every 15 days.
This is the place where Yolanda lives. She is 32 years old and lives in a common-law relationship from which she has five children, who are 17, 15, 12, 9, and 5 years old. The oldest ones study in high school, and the younger ones in grade school. Her husband is a master builder.
She works at a house in the city where she does the domestic chores. In her free time she works in commerce. She sells clothing of all kinds door-to-door. Once she leaves work, she visits her clients to charge them and to offer her products, which she sells on credit and then charges for each week. She has been in this business for more than 5 years and it is going very well for her. She is sent merchandise from Quito whenever she needs it.
She is requesting a new loan. With the previous loan she was able to finance her business, because she didn’t have the capital to invest in it. With the earnings she was able to help her husband with her children’s school expenses. This loan will be used to buy pants, shirts, and blouses, among other clothing items. She has been with the communal bank since it started and she likes it because she has been able to finance her business and earn something on her own so that she can help her children.
Her dream is for her children to be successful and professional people.
En este lugar vive la señora Yolanda, tiene 32 años de edad y mantiene una relación de unión libre de la cual tiene cinco hijos de 17, 15, 12, 9 y 5 años de edad, los mayores estudian en colegio y los menores en escuela. El marido es maestro constructor.
Ella trabaja en una casa en la ciudad realizando quehaceres domésticos pero en sus ratos libres se dedica al comercio, vende ropa de todo tipo y realiza sus ventas puerta a puerta, una vez que sale de su trabajo ella visita a sus clientes para cobrar y ofrecer sus productos ya que vende a crédito y cobra por semanas, lleva más de 5 años en este negocio y le va muy bien, la mercadería se la envían de quito cada vez que necesita.
Está repitiendo el crédito ya que con el crédito anterior ella pudo financiar su negocio porque no tenía capital para invertir y con las ganancias que tuvo pudo ayudar a su marido con los gastos que generan los estudios de sus hijos. Este crédito es para comprar pantalones, camisas, blusas, entre otras prendas. Esta desde el inicio en el Banco Comunal y le gusta porque con los créditos ella ha podido financiar su negocio y ganarse algo por su cuenta para ayudar a sus hijos.
Su sueño es que sus hijos sean personas de bien y profesionales.
Previous Loan DetailsThe members of the Communal Bank "La Frontera de Urvavisa" meet every 15 days in the city of Portoviejo. This city with its green mountains and enchanting landscapes has been known for many years as "Ciudad del Valle" (the City of the Valley).
Sra. Yolanda lives in this place. She is 32… More from Yolanda Marisol'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.