Update on Ketty AracelyThe Umiña cooperative bank meets every 15 days in the neighborhood of Umiña, located in the city of Manta. This city is known for its beautiful beaches, for its cuisine, and for being one of the most important ports of the country, as well as of America, because of its location on the shores of the Pacific. This is where Ketty, 44, lives with her husband and their 7-year old daughter who is in school. Her husband works abroad.
With the goal of generating her own income and, with these funds, meeting her and her daughter’s expenses, she dedicates herself to selling all types of clothing, silver jewelry, and Avon and Yanbal catalog products (beauty supplies, cosmetics, perfumes, and women’s accessories). She works every day, mostly in the mornings, as this is when it’s easier for her to make her rounds. She delivers on credit and charges every 8 days. She goes to Guayaquil to buy the merchandise, and also imports from abroad. She has been in this business for more than 7 years, and things are going well.
She is repeating the loan because the credits help her supply her business. Her enterprise is very good, and the earnings generated by the previous loan helped her with expenses related to her small daughter’s education and for the household. Currently, she hopes to receive this loan to buy silver jewelry, clothing, perfumes, costume jewelry, creams and other products to continue with her business. She has been in the cooperative bank since its initiation, and likes it because of the help the bank provides.
Her dream is to provide her daughter with all the best.
En este lugar vive la señora Ketty, tiene 44 años de edad y mantiene una relación de unión libre de la cual tiene una hija de 7 años de edad la misma que estudia en escuela. El marido trabaja en el extranjero.
Ella con la finalidad de contar con sus propios ingresos y con esto solventar sus gastos y los de su pequeña hija se dedica a la venta de ropa de todo tipo, joyas de plata y productos por catálogos de Avon, y Yanbal (artículos de belleza, cosméticos perfumería y accesorios para damas), trabaja todos los días más que todo en las horas de la mañana ya que a esas horas le resulta más fácil realizar sus recorridos, deja a crédito y cobra cada 8 días, la mercadería la va a comprar a Guayaquil y también le envían del extranjero. Lleva más de 7 años en su negocio y le ha ido muy bien.
Ella está repitiendo el crédito ya que los créditos son los que le ayudan a surtir su negocio, su negocio es muy bueno y las ganancias del crédito anterior le sirvieron para gastos relacionados con el inicio de clases de su pequeña hija y para gastos del hogar, ahora espera recibir este crédito para comprar joyas de plata, ropa, perfumes, bisutería, cosméticos, cremas y otros productos para seguir con su negocio. Está desde el inicio en el Banco Comunal y le gusta por la ayuda que le brinda el banco.
Su sueño es darle lo mejor a su pequeña hija.
Previous Loan DetailsThe Communal Bank called "Umiña" meets every 15 days in the neighborhood of Umiña in the city of Manta. This place is known for its beautiful beaches, its food, and for being one of the largest ports in the country and in the Americas since it is situated on the Pacific.
It is in this pla... More from Ketty Aracely'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 24, 2012
- Oct 1, 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.