Update on Karina VerónicaKarina has been a member of the Loma de la Cruz communal bank for some time. She lives in the outskirts of the city of Cuenca.
Cuenca is characterized by a cold climate, but its people have warm hearts. There are various places to enjoy nature, and one can also enjoy the culture, traditions, and gastronomy of the region.
Karina is 22 years old. She lives with her partner and has a 2-year-old child. Her spouse is a merchant. They don't have their own house, so they are renting.
She is a very enterprising woman who fights for financial stability. For four years, she has made a living as a traveling clothes saleswoman. For the past six months, she has also been working as a private employee. These two activities give her more financial solvency and ensure that she and her family will be better off.
She used her previous loan to buy clothing, and she will use the new loan in the same way, investing in clothing to sell to her demanding and select clientele. She paid off her previous loan on the appropriate dates. She likes being a member of her communal bank because the loans give her the opportunity to grow her business.
La Señora. Karina es muy joven tiene 22 años, vive en unión libre y ha concebido un hijo de 2 años de edad. Su esposo es comerciante, no tienen casa propia por lo que viven arrendando.
Ella es una mujer muy emprendedora que lucha para tener estabilidad económica, hace 4 años trabaja como comerciante ambulante de ropa y hace 6 meses está trabajando como empleada privada, estas dos actividades le dan más solvencia económica y puede salir en adelante con su familia.
Su crédito anterior lo invirtió comprando ropa y su nuevo crédito al igual que el anterior lo va a invertir en ropa para vender a su exigente y selecta clientela, la cancelación de su crédito anterior lo realizo en las fechas correspondiente. La banca comunal le gusta porque los créditos le dan la oportunidad de crecer en su negocio.
Previous Loan DetailsKarina is a member of the community bank Loma de la Cruz, she lives in the Feria Libre sector of the city of Cuenca, city with great natural beauty that in 1999 became part of the World's Cultural Heritage, it's gastronomy captures the palates of locals and foreigners, its people are nice,… More from Karina Verónica'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
- 8 months (Additional Information)
- Repayment Schedule
- Oct 24, 2012
- Dec 1, 2012
- Currency Exchange Loss:
- May 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.