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Mirian Iralda

Update on Mirian Iralda

Mirian is a 29-year-old divorced woman who lives with her 3-year-old son in 'Cooperativa 11 de Julio' in Santo Domingo, the fourth most populous city in Ecuador after Guayaquil, Quito and Cuenca. Santo Domingo is the capital of Santo Domingo de los Tsáchilas province, an Ecuadorean province which has experienced a high, sustained level of growth in recent years. The capital is a city which offers attractive, colorful, delicious fruits and cuisine. It also has a considerable amount of commerce as it has become a dry port where commercial exchange takes place between the country's mountainous and coastal regions. For this reason, most of the city´s inhabitants have started up some commercial business or other.

Mirian has been making plastic brushes for domestic use for seven years. She learned this trade from her mother who earned a living in the same way. She works 8 or 10 hours a day and is helped by a person who she hired so that she could complete the orders that she receives from her customers. She would like a loan to invest in raw materials so that she can grow her business. Mirian has previously requested loans from Fundación Alternativa and now needs another one to invest in her business. She has always made her previous monthly repayments on time.

In spite of the fact that the raw materials she uses have increased in price and the country's current financial situation has become difficult, Mirian works hard to keep growing her business every day as her goal is to increase her production and thereby make more income.
View original language description ↓
Mirian es una mujer de 29 años divorciada que vive con su pequeño hijo de 3 años en la "Cooperativa 11 de Julio" de Santo Domingo que es la cuarta ciudad con más población del Ecuador después de Guayaquil, Quito y Cuenca. Es la capital de la Provincia de Santo Domingo de los Tsáchilas, una provincia de Ecuador que en los últimos años ha tenido un alto crecimiento sostenido. Su capital es una ciudad en donde lo más atractivo y llamativo son sus deliciosas frutas, y la gastronomía que ofrecen en el lugar. También cuenta con un comercio considerable ya que se ha convertido en un puerto terrestre de intercambio comercial entre las regiones Sierra y Costa del país. Además cuenta con varios atractivos turísticos que acompañados de su clima cálido son muy concurridos por turistas nacionales y extranjeros. Es por esto que la mayoría de sus habitantes han emprendido con alguna actividad comercial.

Mirian trabaja fabricando cepillos de plástico para uso doméstico desde hace 7 años. Aprendió a realizar esta actividad con su madre quien también se ganaba la vida de esta forma. Su jornada de trabajo diaria dura 8 o 10 horas y le ayuda una persona que ella contrató para poder cumplir con los pedidos que realizan sus clientes. Ella desea un crédito para poder invertir en materia prima y así lograr que su negocio crezca, Mirian ya ha solicitado créditos anteriormente en Fundación Alternativa y ahora requiere otro para invertir en su negocio. Ella ha realizado con puntualidad todos los pagos mensualmente.

A pesar de la materia prima ha subido de precio y de que hoy en día la situación económica del país se ha vuelto difícil, Mirian se esfuerza para que su negocio cada día crezca más ya que su meta es incrementar la producción y así tener mayores ingresos.

Previous Loan Details

Mirian is 28, divorced, and lives with her small three year-old son in the Cooperativa 11 de Julio area of Santo Domingo, which is the fourth most populated city in Ecuador, after Guayaquil, Quito, and Cuenca. Its population continues to grow rapidly, with its rich commercial activities and the l... More from Mirian Iralda's previous loan »

Additional Information

About Fundación Alternativa

Fundación Alternativa encourages entrepreneurship and provides sustainable financial and non-financial services that promote social and economic development in Ecuador. The organization focuses on serving poor and excluded populations through analysis of clients' living conditions and by providing business training and other support services in urban, rural and marginalized parts of the country.

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.

About Ecuador

  • $10,200
    Average annual income
  • 31
    View loans »
    Ecuador Loans Fundraising
  • $23,087,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Mirian Iralda to buy raw materials to make brushes for domestic use.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 16, 2012
Listed
Nov 18, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 18, 2013