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Olga María

Update on Olga María

Olga is a cheerful, charismatic member of the Atenas communal bank. She lives in the Orquídeas sector of Cuenca, a city of great natural and architectonic beauty that’s bathed by four rivers; it’s a city full of kind, warmhearted people.

Olga was in a traffic accident some time ago where she suffered a head injury and had to have surgery; she came out of the operation very well though and is recovering more every day.

Olga is 51-years-old, married and has six children. Two of them are adults, one of her daughters is married and lives on her own, her four sons work and help out economically and two of them attend university; her youngest son is attending high-school in the city. Her husband is a driver by profession and provides transportation service in a taxi he owns.

She is a very tenacious, enterprising woman who has had a grocery store at home for some years where she sells products like oil, vinegar, basic grains, codfish, etc. She also sells kitchen supplies.

She used her previous loan to buy building materials to finish her house but despite all the health problems she’s going through she’s had no problem repaying said loan since she’s a very responsible woman. She will use her new loan to buy food items to increase her store’s stock. She likes the communal bank because the loans allow her to improve her economic activity and move her entire family forward.
View original language description ↓
La Señora. Olga es una socia alegre y carismática que forma parte del banco comunal Atenas, vive por el sector de las Orquídeas en la ciudad de Cuenca, ciudad que tiene una gran belleza natural y arquitectónica y se encuentra bañada por 4 ríos, es una ciudad llena de gente amable y cálida.

Doña Olga hace algún tiempo atrás sufrió un accidente de tránsito en el cual se golpeo la cabeza y tuvo que ser operada pero salió muy bien de su operación y cada día se va recuperando.

La Señora. Olga tiene 51 años, es casada y en su unión conyugal ha concebido 6 hijos quienes son todos mayores de edad, una de sus hijas es casada y vive independiente, sus 4 hijos trabajan y le ayudan económicamente y dos de ellos estudian en la universidad y su último hijo estudia en un colegio de la ciudad. Su esposo es de profesión chofer y labora prestando sus servicios en un taxi que es de su propiedad

Ella es una mujer muy luchadora y emprendedora, tiene en su casa una abacería desde hace algunos años en la cual vende varios productos como: aceite, vinagre, granos secos, bacalao, etc. también vende productos de bazar.

Su crédito anterior lo invirtió en la compra de materiales de construcción para terminar su casa, pero a pesar de todas todos los problemas de salud por los que está pasando no ha tenido dificultad en la cancelación de dicho crédito ya que se caracteriza por ser una mujer responsable. Su nuevo crédito lo va a invertir en la compra de víveres para ampliar su abacería. El banco comunal le gusta porque los créditos le permiten mejorar su actividad económica y sacar adelante a toda su familia.

Previous Loan Details

Olga is a member of the communal bank Atenas del Ecuador. She lives in the area of Orquídeas in the city of Cuena. This city is surrounded by four rivers which give it the name Santa Ana de los Cuatro Rios. It's been a World Heritage Site since 1999 due to its beautiful architecture and its peopl... More from Olga María's previous loan »

Additional Information

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
  • 56
    View loans »
    Ecuador Loans Fundraising
  • $23,876,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Olga María to buy food items.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2013
This photo was used before for a previous loan for Olga María. It was first posted on Kiva on Jul, 2012. Learn More