Update on María IsabelThe communal bank “Los Tres Ángeles” ["The Three Angels"] meets every fifteen days in the canton of Montecristi, known for its rich pre-colonial culture and its handicrafts that are well-known on both the national and international levels. This is the home of the famous "Panama" hats made from toquilla fiber.
María lives in this place. She is 40 years old and married, with three children who are 19, 18 and 16 years of age. The oldest studies at the university and the two younger ones are in secondary school. Her husband is an artisan.
She has a shop in a location visited by many tourists, where she sells all types of crafts such as bracelets and hats, among other things. She works every day from 8 am until 6 pm. Her children help her in her business when they are not busy, and above all on weekends, which is when the place is most crowded and sales are highest. She buys her products from artisans in Montecristi. She has dedicated herself to this business for 15 years, and she has had her shop for a few years.
She is requesting a repeat loan because the loans always help her very much with her business. The earnings she obtains always go to help with the expenses for her children's studies, since this is the most important thing for her. This loan will go to buy more handicrafts. She has been in the communal bank for more than two years, and she likes it because she can finance her business with the loans.
Her dreams are to continue making progress with her business and to give her children the best education possible.
En este lugar vive la señora María, tiene 40 años de edad, está casada y de esta relación tienen tres hijos de 19, 18 y de 16 años de edad, el mayor estudia en universidad y los dos menores están en colegio. Su esposo es artesano.
Ella tiene un local en un lugar de bastante acogida turística, donde vende artesanías de todo tipo, pulseras, sombreros, entre otras cosas. Trabaja todos los días desde las 8h00 hasta las 18h00, sus hijos le ayudan en su negocio cuando están desocupados y más que todo los fines de semana días en que este lugar es más concurrido y que es cuando más ventas realiza, sus productos los compra a artesanos en Montecristi, lleva 15 años que se dedica a este negocio y con su local unos pocos años atrás.
Ella está repitiendo el crédito ya que siempre los créditos le ayudan y mucho para su negocio, siempre las ganancias que obtiene son para ayudar con los gastos de estudios de sus hijos ya que para ella esto es lo más importante. Este crédito es para comprar más artesanías. Lleva más de dos años en el Banco Comunal y le gusta porque con los créditos puede financiar su negocio.
Sus sueños son seguir adelante en su negocio y darles la mejor educación a sus hijo
Previous Loan DetailsThe “Los Tres Ángeles” (The Three Angels) communal bank meets every fifteen days in Montecristi Canton known for its rich pre-colonial culture and its crafts that are known nationally and internationally; it’s where the famous straw hats come from. We met María, 40, here. She’s married and has… More from María Isabel'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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