Update on María YomairaThe members of the communal bank Trabajando Para Un Futuro [Working for a Future] meet every two weeks in Rocafuerte canton. Rocafuerte is famous all over the country for its delicious sweets made by the locals, as well as the warmth of its kind and hard-working people.
29-year-old Maria lives here with her husband and their three children aged 7, 5, and 1. Her husband works in farming, and they need a loan to pay for labor to control the sprouting of weeds and to prepare several plots of land so they are able to sow again. They want to take advantage of the winter and sow corn on high ground and rice in plots where it can be watered. They sow throughout the year because they have water-pumping equipment.
She is requesting another loan because with the previous loan she was able to pay for labor to harvest the crop. They managed to store the harvest for a few months and then sold it at better prices and got higher profits. This loan is again for labor costs. She has been a member of the communal bank from the beginning and she likes it because she can use the loans to help her husband out.
Her dream is to give her children a good education.
En este lugar vive la señora María, tiene 29 años de edad, está casada y de esta relación tienen tres hijos de 7, 5 y 1 año de edad, los dos mayores estudian en escuela. Su esposo se dedica a la agricultura.
Ella realiza el crédito para ayudar a su esposo en su labor, él se dedica a la agricultura y en la actualidad necesitan el crédito para el pago de mano de obra para lo que es el des brote de maleza y arreglos de varias parcelas para volver a sembrar, ellos quieren aprovechara el invierno y sembrar maíz en unas tierras altas que tienen y arroz en las parcelas donde se puede regar. Ellos siembran en toda época del año pues cuentan con los equipos de bombeo de agua.
Ella está repitiendo el crédito ya que con al otro crédito se pudo pagar la mano de obra de la recolección de los cultivos, con esto ellos pudieron guardar la cosecha por unos meses y después vendieron a un mejor precio y les quedo mejores ganancias. Este crédito es para pago de mano de obra. Esta desde el inicio en el Banco Comunal y le gusta porque gracias a los créditos ella puede ayudar a su marido.
Su sueño es darles una buena educación a sus hijos.
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. Here we met María, 29. She is married and… More from María Yomaira'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.