Update on Jessica AlexandraThe Communal Bank "Virgen Del Rosario" meets every fifteen days in Colorado, located in the canton of Montecristi. This area is known for its rich pre-colonial culture and its handicrafts, which are renowned both nationally and internationally. Most of the residents in this area engage in the manufacture of tagua buttons, handicrafts, and trade in general.
Señora Jessica lives here. She is 27 years old, married, and has three children aged 11, 9 and 6, who all go to school. Her husband is a trader.
Five years ago, Señora Jessica started a business to help her husband with household expenses. She has a small restaurant in her home. Every day, she prepares delicious fish ceviche in the morning and sells fried pork (a traditional dish) in the evening. All of her dishes are served with juices, sodas or other drinks preferred by her customers. Jessica also uses the loans she receives from the Communal Bank to help her husband with his business. He sells fish and travels around the city offering his products to people.
She is requesting another loan, because thanks to the profit she made from her previous loan she was able to buy certain items that her children needed for school. In addition, one of them became ill and she had to spend money on medicine, which is why she fell behind on her payments. However, with her work she was able to pay it off in time. She will use this loan to buy fish for her husband to sell and provisions for the dishes she prepares. She has been with the Communal Bank for four loan cycles and enjoys the assistance the loans have given her.
Her goals are to move forward in her business and provide her children with a good education.
En este lugar vive la señora Jessica, tiene 27 años de edad, está casada y de esta relación tienen tres hijos de 11, 9 y 6 años de edad, todos estudian en escuela. El marido es comerciante.
La señora Jessica para poder ayudar a sus esposo con los gastos del hogar hace 5 años empezó un negocio, ella tiene un pequeño restaurante en su casa donde todos los días prepara en las mañanas el delicioso ceviche de pescado y por las noches vende fritadas (plato típico), todo esto acompañado de jugos, sodas u otras bebidas a preferencia de sus clientes. También con el crédito que recibe del banco ayuda a su esposo en su negocio, él se dedica a la venta de pescado el mismo que vende recorriendo la ciudad.
Ella está repitiendo el crédito ya que gracias a las ganancias que le dejo el crédito anterior pudo comprar ciertas cosas que necesitaban sus hijos en la escuela, además uno de ellos se enfermo y tuvo que gastar en medicinas y es por esta razón que se atrasó en sus pagos pero luego con su trabajo pudo cancelar a tiempo. Este crédito lo va utilizar en comprar pescado para que venda su marido y víveres para la preparación de los alimentos. Está en el Banco Comunal desde hace cuatro ciclos y le gusta por la ayuda que le dan con los créditos.
Sus metas son seguir adelante en su negocio y darles una buena educación a sus hijos.
Previous Loan DetailsThe Communal Bank "Virgen del Rosario" meets every 15 days in Colorado, which is located in the canton of Montecristi. This area is known for its rich pre-colonial culture and its handicrafts that are recognized on a national and international level. Most of the residents of this area engage in t... More from Jessica Alexandra'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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