Update on María AngelitaMaría has been a member of the “12 de Abril” communal bank for two years. She lives in Cuenca, a city that’s been a Cultural Heritage of Humanity since December, 1999. It has colonial and modern architecture and its residents are kind, pleasant and still preserve their culture and traditions.
María is 61-years-old and a single mother of two children who are married, independent adults now. The house she lives in is hers.
María works in a city market; she has a fruit and vegetable stand she works in every day with no rest. She learned this activity from her mother who taught her the art of sales. This business has helped her raise her family and improve her economic stability.
She used her previous loan to buy fruit and vegetables and repaid the loan as scheduled. She will use this new loan to buy seasonal fruit. She likes the communal bank because of the companionship among the group members.
La Señora María tiene 61 años, es madre soltera de 2 hijos quienes ya son mayores de edad, casados y viven independientes. La casa en la que vive es de su propiedad.
La Doña María trabaja en un mercado de la ciudad, tiene un local de frutas y verduras en el cual trabaja todos los días sin descanso, esta actividad la aprendió de su madre quien le enseño el arte de las ventas, ahora este negocio le ha ayudado para sacar adelante a todo su familia y mejorar su estabilidad económica.
Su crédito anterior lo invirtió en la compra de frutas y verduras, la cancelación de dicho crédito lo realizo en las fechas indicadas. Este nuevo crédito también lo va a invertir en la compra de frutas de temporada.
La banca comunal el gusta por el compañerismo de todo el grupo.
Previous Loan DetailsSeñora María is a member of the Sociedad 12 de Abril communal bank. She lives in the San Pedro sector of the city of Cuenca, an area with a cold climate. Due to its beautiful architecture, this area was designated a UNESCO World Heritage Site in December 1999. The area has a rich natural heritage,… More from María Angelita'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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