Update on Rosa NellyRosa is a member of the “El Crédito” communal bank. She lives in the city of Cuenca, a city with a cold climate. Thanks to its fractured topography, this city has great scenery where nature can be enjoyed. Its city center blends the colonial with the modern and its residents still retain its culture and traditions.
Rosa, 60, is married and has six children; four of them are married and live independently, one works and helps out economically and her youngest who is 17-years-old attends a local high-school. Her husband helps her in her business since he’s retired. She does not own a house; she’s a renter.
She has worked selling all types of clothes for 20 years. She sells at home to her neighbors and acquaintances. She also works making costume jewelry. She works doing these things because it’s work that makes it possible for her to cover household expenses and to get ahead with her entire family.
She used her previous loan to buy clothes and she repaid it on the proper dates. She will use her new loan to buy clothes too for her demanding clientele. She likes the communal bank because they’ve become like a second family and they discuss various interesting topics at each meeting.
Doña Rosa tiene 60 años de edad, está casada y en su unión conyugal ha concebido 6 hijos, 4 de ellos son casados y viven independientes, uno de sus hijos trabaja y le ayuda en la económicamente y su ultimo hijo que tiene 17 años estudia en un colegio de la ciudad. Su esposo le ayuda en su negocio ya que es jubilado, no tiene casa propia por lo que vive arrendando.
Ella trabaja desde hace 20 años en la venta de todo tipo de ropa, vende en su casa, a sus vecinas y conocidas, también trabaja realizando adornos de fantasía, se dedica a trabajar en estas actividades porque es un trabajo que le permite solventar los gastos del hogar y salir adelante con toda su familia.
El crédito anterior lo ha invertido comprando ropa y la cancelación del crédito lo realizado en las fechas correspondientes. Su nuevo crédito también lo va a invertir en la compra de ropa para su exigente clientela. La banca comunal le gusta porque en el grupo ya han conformado una familia y en cada reunión conversan de varios temas de su interés.
Previous Loan DetailsRosa is a member of the El Crédito communal bank. She lives in the Crea area of the city of Cuenca. This city has a physical space full of beauty and cultural values. It was named a World Heritage Site in December of 1999. It's people are friendly and kind and maintain their traditional cuisine, ... More from Rosa Nelly'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
- 6 months (Additional Information)
- Repayment Schedule
- Oct 26, 2012
- Dec 1, 2012
- Currency Exchange Loss:
- Mar 15, 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.