Update on Rosa MaríaRosa is a woman with great charisma, who is joyful and always looks at life positively. She has been a member of the community bank Renacer Uncovia for some time. She lives in the sector of Uncovia in the city of Cuenca, a city which has a cold climate and four rivers, and has been a Cultural Heritage Site since December 1999 due to its colonial architecture. Its people are friendly, gentle, and still preserve the culture and traditions from their towns.
Rosa is 61, married, and in her conjugal union has conceived eight children, seven of which are married and live independently. Her single daughter works and helps her financially. Her husband makes a living in commerce. They do not have their own home so they live in a rental.
Rosa works hard in her food business. Before, she sold her products on foot, but now she has a shop. She has been doing this for several years since she likes to cook and this is a job that allows her to improve the financial stability of her home.
Her previous loan was invested in the purchase of a refrigerator for her business. She paid back said loan without any difficulty. She is getting another loan because she needs to buy tables and chairs in order to keep expanding her business. She likes the community bank because of the camaraderie and solidarity of all its members.
La Señora Rosa tiene 61 años, es casada y en su unión conyugal ha concebido 8 hijos, 7 de ellos son casados y viven independientes, su hija soltera trabaja y le ayuda económicamente. Su esposo se dedica al comercio, no tienen casa propia por lo que viven arrendando.
Doña Rosa trabaja arduamente en su negocio de comida, antes lo realizaba ambulantemente pero hoy cuenta con un local, esta actividad la desempeña hace algunos años ya que le gusta cocinar y es un trabajo que le permite mejorar la estabilidad económica de su hogar.
Su crédito anterior lo invirtió en la compra de una refrigeradora para su negocio, la cancelación de dicho crédito lo realizo sin ninguna dificultad. Ella está repitiendo el crédito ya que necesita comprar mesas y sillas para seguir creciendo en su negocio. La banca comunal le gusta por el compañerismo y la solidaridad de todas sus socias.
Previous Loan DetailsRosa is a member of the “Renacer Uncovia” communal bank. She lives in Cuenca’s outskirts, a city noted for the beauty of its historic city center which blends the colonial with the modern and which led to it’s being designated a Cultural Heritage of Humanity in December, 1999. Its varied ... More from Rosa María'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
- Nov 7, 2012
- Dec 1, 2012
- Currency Exchange Loss:
- Jun 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.