Update on Ruth ElizabethThe members of the “San Ignacio de Colon” communal bank meet every two weeks in San Ignacio in Colon Parish in the city of Portoviejo, a place known for its hardworking people who are dedicated to agriculture and animal husbandry.
Ruth, 55, lives here. She’s married and has seven children, all adults now. The youngest of them still lives with her and is studying medicine at university. Her husband’s a driver.
She has a home-based store where she sells all types of products: basic staples and general merchandise, stationery supplies, beverages and frozen treats. She works there every day from 6am until 9pm and sometime even later. Her son and husband help her when they have time but in general it’s she who tends to the store since she keeps herself busy that way. She receives her goods at the store and she’s been in business seven years and does quite well.
She is repeating the loan since the loans she gets are always of much help to her. She used the previous one to buy products she did not have in her store which helped her increase her clientele because having more variety of products in stock led to more customers coming. Now, she expects to get this new loan and will use it to stock the store even more. She will buy rice, sugar, oil, detergent, canned goods, stationery supplies and household items.
She’s been in the communal bank seven cycles and likes it because of the loans the institution provides. Her goal is to continue forward with her business and that it grows more every day.
En este lugar vive la señora Ruth, tiene 55 años de edad, está casada y de esta relación tienen siete hijos ya todos mayores de edad, el menor de ellos aun vive con ella y estudia medicina en la universidad. Su esposo es chofer.
Ella tiene una tienda en su casa en la cual vende todo tipo de productos, tanto de primera necesidad como también artículos de bazar, papelería, bebidas y helados, allí trabaja todos los días desde las 6h00 hasta las 21h00 y a veces hasta más tarde, su hijo y su esposo le ayudan en su trabajo cuando tienen tiempo pero por lo general ella siempre está atendiendo su tienda ya que allí se entretiene, los productos los recibe en su local. Tiene siete años con su negocio y le va bastante bien.
Está repitiendo el crédito ya que siempre los créditos que recibe son de mucha ayuda, el crédito anterior lo utilizó para comprar productos que no tenía en su tienda lo cual le sirvió para aumentar su clientela ya que al tener más variedad de productos llegaron más clientes a su negocio, ahora espera recibir este crédito y lo va a emplear en surtir mas su tienda, va a comprar arroz, azúcar, aceite, detergentes, embutidos y productos de papelería y bazar. Lleva en el banco comunal siete ciclos y le gustan los créditos que ofrecen la institución.
Sus metas son seguir adelante en su negocio y que su tienda crezca cada día más.
Previous Loan DetailsEvery two weeks, the members of the San Ignacio de Colon community bank meet in San Ignacio, in Colon parish, in the city of Portoviejo. This area is known for its hard-working people who farm and raise livestock. This is where we meet Ruth, age 55. She is married, and they have seven childre... More from Ruth Elizabeth'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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