Update on Mónica MariuxiIn Ecuador, in the province of Sto. Domingo de los Tsachilas, a province characterized by the variety of animals that can be observed in their environment, is a place in which struggle and entrepreneurship are the daily subsistence of every family. It is a key city for being the main connection between the regions of Sierra and Costa, and is where Monica lives. She is a young woman with an entrepreneurial and business-minded spirit. This feisty young woman lives with her partner who works as a store manager for a large consumer goods company. They have a one-year old daughter.
Since five years ago, Monica has been inspired to succeed in cosmetology; she sells cosmetics, lingerie and jewelry around the city. She dedicates herself to this activity 7 hours a day with her small daughter in her arms, visiting her clients, and in this way, offering personalized service.
She applied to Fundación Alternativa for a loan, which would help her to increase her stock of products and to venture into utility clothing sales, which would serve to advance the fulfillment of her dream to establish a small business and above all, to invest in the education of her baby girl.
Mónica desde hace cinco años se ha inspirado en la cosmetología para salir adelante; ella comercializa cosméticos, lencería y bisutería en los alrededores de la ciudad, actividad a la cual le dedica 7 horas al día y la realiza con su pequeña hija en brazos visitando a sus clientes y de esta forma ofreciendo un servicio personalizado. Acudió a Fundación Alternativa para solicitar un préstamo, el cual le ayudará a incrementar su stock de productos e incursionar en la comercialización de prendas de vestir utilidad que le servirá para avanzar en el cumplimiento de su sueño de establecer una microempresa y sobre todo invertir en la educación de su pequeña hija.
Previous Loan DetailsMónica is a 26-year-old married woman. She has a newborn 4-month-old baby. Her husband, Darwin, is the manager of a store in a large consumer products company. They live in the "Rio Verde" parish in the "Santo Domingo" canton. Santo Domingo is both a canton and city in the new Santo Domingo de lo... More from Mónica Mariuxi's previous loan »
About Fundación AlternativaFundación Alternativa encourages entrepreneurship and provides sustainable financial and non-financial services that promote social and economic development in Ecuador. The organization focuses on serving poor and excluded populations through analysis of clients' living conditions and by providing business training and other support services in urban, rural and marginalized parts of the country.
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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