Update on Irene ElalithThe Las Piedras community bank meets twice a month in the Picoaza neighborhood of Portaviejo, a city known for its happy people, its traditional culture and its Festival of St. Peter and St. Paul.
Our member, Sra. Irene, 42, lives with her husband. They have two children, one of whom is grown and in college and the other, 16, in high school. Her husband works on a bus line.
Sra. Irene operates a clothing sales business and sells all kinds of clothing. She sells door to door and has a small shop in a space in her house, as well. She works every day. She sells on credit and collects from her customers twice a month. She buys merchandise in Guayaquil once or twice a month, depending on her requirements. She has operated the business for a year now and says that she is happy with her progress.
Sra. Irene is applying for a new loan because the last one, she says, was very helpful to her business. She adds that her busienss earnings covered the costs of much needed medical care. She will use this loan to stock her business with pants, blouses, shirts and, most importantly, beachware for the coming summer season. She has been a member of the community bank from the beginning and says that she values the help and attention that it offers its members.
For the future, she wants to open her own store.
En este lugar vive la señora Irene, tiene 42 años de edad y mantiene una relación de unión libre de la cual tiene dos hijos, una mayor de edad y el menor de 16 años que estudian en universidad y colegio. El marido trabaja en un bus.
Ella para ganar algo por su cuenta se dedica al comercio, vende ropa de todo tipo, su forma de venta es puerta a puerta y también vende en su casa donde tiene un pequeño local. Trabaja todos los días, deja a crédito sus productos y cobra cada quince días. Su mercadería la va a comprar a Guayaquil cada quince días o al mes de acuerdo a lo que necesite. Tiene un año que se dedica a esta actividad y le va muy bien, lo que más vende es ropa de mujeres.
Está repitiendo el crédito ya que con el anterior le fue muy bien y gracias a las ganancias que le dejo su negocio ella pudo empezar un tratamiento médico ya que está un poco delicada de salud. Este crédito lo va emplear en comprar más mercadería como: pantalones, blusas, camisetas y sobretodo ropa de temporada playera. Está en el Banco Comunal desde el inicio y le gusta por la ayuda y atención que le brindan en la institución.
Su sueño es tener un local para vender sus productos.
Previous Loan DetailsThe “Las Piedras” communal bank meets every two weeks in a neighborhood known as Las Piedras in Picoaza Parish in the city of Portoviejo which is known for its traditional culture, the joy of its residents and the feast days of Saints Peter and Paul. Irene, 42, lives here. She’s in a common law… More from Irene Elalith'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 21, 2012
- Sep 13, 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.