María De La Nube
Update on María De La NubeMaría is an active member of “Génesis” communal bank and is taking out her 6th loan. She lives in the El Vecino sector 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.
María is 40-years-old, married and has had four children who are 22, 20, 13 and 10 years of age. Her two oldest children work to cover their personal expenses and her two youngest daughters attend the local elementary school. Her husband is a driver by profession and works driving a truck. The house she lives in is hers.
She’s a merchant; she sells shoes and clothes. She’s been in this activity for nine years. Two years ago she also started renting heavy machinery, an activity she does because her husband owns it and she helps manage the business. These jobs allow her to improve her home’s economy.
She used her previous loan to buy clothes and shoes and repaid the loan as scheduled. She will also use the new loan to buy clothes and shoes to continue growing in this business. She likes the communal bank because she meets with her girlfriends at each meeting and takes a break from her normal daily work routine.
La Señora. María tiene 40 años de edad, se encuentra casada y ha concebido 4 hijos de 22, 20, 13 y 10 años de edad, sus dos primeros hijos trabajan para solventar sus gastos personales, sus dos últimas hijas están estudiando en una escuelita de la ciudad. Su esposo es de profesión chofer y labora conduciendo un camión, la casa en la que vive es de su propiedad.
Ella es comerciante, se dedica a la venta de calzado y ropa, esta actividad la desempeña hace 9 años. Hace dos años se dedica también al alquiler de maquinaria pesada, esta actividad la realiza ya que su esposo es el propietario y ella le ayuda a administrar este negocio. Estos trabajos le permiten mejorar la economía de su hogar.
Su crédito anterior lo invirtió en la compra de ropa y calzado, la cancelación de dicho crédito lo realizo en las fechas indicadas. Su nuevo crédito también lo va a invertir en la compra de ropa y calzado para seguir creciendo este negocio. La banca comunal le gusta ya que en cada reunión se encuentra con sus amigas y sale de su rutina diaria de trabajo.
Previous Loan DetailsMaría is a member of the community bank Génesis. She lives in the Vecino 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 cuisine captivates ... More from María De La Nube'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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- Repayment Term
- 9 months (Additional Information)
- Repayment Schedule
- Oct 18, 2012
- Nov 5, 2012
- Currency Exchange Loss:
- Dec 5, 2012
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.