Update on María GabrielaThe members of Trabajando para un Futuro Communal Bank meet every two weeks in Rocafuerte Canton, a place known for the delicious locally-made sweets that are known all over the country and for the warmth of its hardworking and kind people.
This is where María lives. She's 27 years old and has a common-law relationship from which she has a six-year-old child, who is in school. Her husband makes a living in agriculture.
María and her father-in-law have a grocery store in his house where they sell all types of provisions, some medicine, and telephone cards, which give them extra profits. She needs this loan not only to stock her business even more but also to give to her husband, who needs to prepare the plot of land on which he's going to plant pearl onion.
She's getting another loan because the first one was so useful to her in expanding the products in her store, which gave her very good income. She's going to use this loan to buy provisions and pay laborers to prepare her husband's plot of land.
She has been in the communal bank since the beginning and she likes it because of the help they give her with the loans. Her objective is to expand her business.
En este lugar vive la señora María, tiene 27 años de edad, mantiene una relación de unión libre de la cual tiene un hijo de 6 años que estudia en escuela. Su marido se dedica a la agricultura.
Doña María en sociedad con su suegro tienen una tienda de víveres en la casa de su suegro, allí venden toda clase de víveres, algunos remedios y tarjetas telefónicas que les da ganancias extra. Esta vez realiza el crédito tanto para surtir aun mas su tienda y también para darle a su esposo el cual se dedica a sembrar, él necesita preparar el terreno en el cual va a sembrar cebolla perla.
Ella está repitiendo el crédito ya que el anterior le fue de mucha ayuda para aumentar más productos en su tienda los mismos que le dejaron muy buenos ingresos. Este crédito lo va emplear en comprar víveres y pagar la mano de obra para prepara el terreno de su esposo. Está en el Banco Comunal desde sus inicios y le gusta por la ayuda que le dan con los créditos.
Su meta es agrandar su negocio.
Previous Loan DetailsThe members of Trabajando para un Futuro Communal Bank meet every two weeks in Rocafuerte Canton. This place is known for the delicious sweets made by locals that are known throughout the country and for the warmth of its kind and hardworking people. This is where María, 27, lives. She has a ... More from María Gabriela'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 31, 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.