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Angélica María

Update on Angélica María

The 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.

Angélica, 29, lives here. She’s in a common law relationship and has three children who are 13, 12 and 5 years old. The older ones attend secondary school and the youngest is in Kindergarten. Her husband is an auto mechanic.

She’s a housewife who in order to earn her own income sells all types of clothes door to door. She works three days a week especially during the morning when her children are at school. She sells on credit and collects payment on the weekend. She has many customers that place orders with her because she gives them easy payment options. She’s been in business two years and does very well.

She is repeating the loan since the previous one was very helpful; it yielded good profits that she used to pay expenses generated by her children’s return to school. She hopes to use this new loan to buy pants, shirts, blouses and children’s clothes to stay in this business that gives her so much satisfaction.

This is her 6th loan with the communal bank and she likes it because all the loans have improved her life. Her dream is to continue moving forward with her business.
View original language description ↓
En San Ignacio de la parroquia Colon de la ciudad de Portoviejo lugar conocido por su gente trabajadora dedicada a la agricultura y la ganadería, cada quince días se reúnen los socios del Banco Comunal San Ignacio De Colon.

En este lugar vive la señora Angélica, tiene 29 años de edad y mantiene una relación de unión libre de la cual tiene tres hijos de 13, 12 y 5 años, los mayores estudian en colegio y el menor esta en jardín de infantes. El marido es mecánico automotriz.

Ella es un ama de casa que para obtener sus propios recursos se dedica a la venta de ropa de todo tipo. Su forma de venta es puerta a puerta. Trabaja tres días de la semana más que todo por las mañanas que es cuando sus hijos estudian, deja sus productos a crédito y cobra los fines de semana, tiene muchos clientes que le realizan pedidos ya que les da facilidades de pago. Lleva dos años que se dedica a esta actividad y le va muy bien.

Está repitiendo el crédito ya que el anterior le fue de gran ayuda, el mismo que le dejo muy buenas ganancias las cuales utilizo para los gastos que genero el ingreso de sus hijos a los centros de estudio donde ellos acuden, espera este nuevo crédito para comprar pantalones, camisas, blusas y ropa de niños y con esto seguir en su negocio que le da muchas satisfacciones. Este es el sexto ciclo en el Banco Comunal y le gusta porque gracias a los créditos ha ido mejorando su vida.

Su sueño es seguir adelante en su negocio.

Previous Loan Details

Every 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 Angélica lives. Angélica is 29 years old and lives with her… More from Angélica María's previous loan »

Additional Information

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.

About Ecuador

  • $10,200
    Average annual income
  • 14
    View loans »
    Ecuador Loans Fundraising
  • $22,544,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Angélica María to buy pants, shirts, blouses and children's clothing.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2012
Listed
Sep 11, 2012
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2013