Update on Mery AntonietaMery is taking out her third loan in the “Génesis” communal bank. She lives in Los Cerezos in the city of Cuenca, a cold climate place surrounded by exuberant vegetation that’s been a Cultural Heritage of Humanity since December, 1999. Its residents are kind, gracious and still preserve the culture and traditions of its peoples.
Mery’s 49-years-old, married and has had six children who are 25, 24-year-old twins, 23, 20 and 9 years of age. Three of her children work and help her out economically, one son is married and lives independently and one son is single and lives independently. Her youngest daughter is attending a local elementary school. Her husband is a car body repairman and has his own shop. The house she lives in is hers.
Mery works selling cosmetics, an activity she’s been in for the last three years. Since she’s an enterprising woman, two months ago she started a food business and to date is doing very well in it.
She used her previous loan to buy cosmetics to increase her inventory and had no problem repaying that loan; she made all payments as scheduled. She will use her new loan to fix up her food stand; she will buy tables and dinnerware. She likes the communal bank because good fellowship exists in it.
Doña Mery tiene 49 años de edad, es casada y en su unión conyugal ha concebido 6 hijos de 25, 24 gemelos, 23, 20 y 9 años de edad, tres de sus hijos trabajan y le ayudan económicamente, un hijo es casado y vive independiente, un hijo soltero trabaja y vive independiente, su ultima hija está estudiando en una escuelita de la ciudad. Su esposo es de profesión mecánico latonero y tiene un taller propio, la casa en la que habita es de su propiedad.
La señora Mery se dedica a la venta de cosméticos, esta actividad la desempeña desde hace 3 años. Como es una mujer emprendedora ha iniciado con un negocio de venta de comida hace 2 meses y por el momento le va muy bien en este negocio.
Su crédito anterior lo invirtió en la compra de cosméticos para incrementar su mercadería, en la cancelación de dicho crédito no tuvo dificultad alguna ya que ha realizado los pagos en las fechas correspondientes. Su nuevo crédito lo va a invertir para el arreglo de su local de comida, va a comprar vajilla y mesas. La banca comunal le gusta porque existe un gran compañerismo.
Previous Loan DetailsMery is a member of the community bank Génesis. She lives in the Cerezos area in the city of Cuenca, which is located in an interesting geographical epicenter and it is the third most economically important city in the country. It has a rich natural and cultural base and its varying cuisine is… More from Mery Antonieta'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
- 9 months (Additional Information)
- Repayment Schedule
- Oct 18, 2012
- Nov 5, 2012
- Currency Exchange Loss:
- Jun 17, 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.