Update on Mónica SusanaMónica is an active member of the “14 de Agosto” communal bank. She lives in Zhidmad Parish in Cuenca. Its topography is quite fractured which gives it picturesque scenery. Its people are proud to retain their culture and traditions. They work in agriculture, animal husbandry and many of them have various jobs in the city.
Mónica, 20, is a single mother of an 11-month-old son. She lives in her parents’ house and shares household expenses. Her father is a private employee and her mother works doing the household chores. The house she lives in is her parents’ property.
At present, she’s undergoing treatment for sinusitis and hopes that her health will improve. Her family is all enjoying good health for the moment.
Mónica is working as a cook in a restaurant in the city and at home she raises animals that her mother helps her care for when she’s at work. She sells her animals when they have gotten fat enough. She also works in agriculture. She grows vegetables that she goes out to sell two days a week in a local market. These activities make it possible for her to contribute to household economy.
She is repeating the loan. She used the previous one to buy vegetables and animal feed and earned good profits from this; she had no problem repaying the loan on the indicated dates. She will use the new loan to buy chicks, guinea pigs, seeds and manure to continue with her economic activities. She enjoys the communal bank because of the educational chats they give at each meeting.
La Señorita. Mónica tiene 20 años de edad y es madre soltera de un niño que tiene 11 meses de edad, vive en casa de sus padres con quienes comparte los gastos del hogar, su papá es empleado privado y su mamá labora en los quehaceres del hogar, la casa en la que viven es propiedad de sus padres.
Ella por el momento se encuentra en tratamiento de una sinusitis que padece y espera mejorar su salud, su familia se encuentra gozando de muy buena salud por el momento.
La Señorita. Mónica esta laborando como cocinera en un restaurante de la ciudad, en casa cría animales a los que le ayuda a cuidar su mamá cuando ella se encuentra trabajando, sus animales los vende cuando ya se encuentran gorditos; también se dedica a la agricultura, siembra verduras y sale a vender sus productos dos días a la semana en un mercado de la localidad. Estas actividades le permiten aportar a la economía de su casa.
Ella está repitiendo el crédito, el anterior lo invirtió en la compra de verduras y alimento para sus animales, de esto obtuvo buenas ganancias y en la cancelación de dicho crédito no tuvo ningún problema ya que los pagos los realizo en las fechas indicadas. Su nuevo crédito lo va a invertir en la compra de pollos, cuyes, semillas y abono para continuar con estas actividades económicas.
El banco comunal le gusta por las charlas de educación que recibe en cada reunión
Previous Loan DetailsMónica is a member of the community bank 14 de Agosto. She lives in the parish of Zhidmad in Cuenca, a place that is surrounded by abundant vegetation, where one can enjoy the peace and tranquility of the countryside. The people there work in agriculture, raise animals, and many work daily in the… More from Mónica Susana'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 11, 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.