Update on Manuela IdaelbaThe “Virgen del Rosario” communal bank meets every two weeks in Colorado in Montecristi Canton known for its rich pre-colonial culture and for its crafts that are famous both nationally and internationally. Most residents here work making ‘tagua’ [ivory palm] buttons, crafts and in general commerce. Manuela, 57, lives here. She’s married and has five children who are all adults now; two of them still live at home. Her husband works in agriculture.
Manuela is a very good mother and wife who in order to earn something to help her husband with household expenses has a small farm where she raises up to 100 chickens per season. In addition to this she also works making and selling fish meal. She works every day at both businesses. She heads to Manta to buy fish that’s not used in tuna production and she takes it home to be processed into fish meal which she sells to merchants that export it abroad. She’s been in this activity for 8 years and has done well.
She is repeating her loan because thanks to profits from the previous one her husband was able to fix up a parcel of land they are going to plant on because winter is approaching. For her, the loans are always very important because she always invests profits to improve her economic situation.
This loan is to buy chicken feed and fish to make the fish meal. She’s been in the communal bank since its beginning and likes it because of the help she gets from the loans to get ahead. Her dream is to continue improving every day.
Aquí vive la señora Manuela, tiene 57 años de edad, está casada y de esta relación tienen cinco hijos ya todos mayores de edad, dos de ellos aun viven en su casa. Su esposo se dedica a la agricultura.
Doña Manuela es una muy buena madre y esposa que para ganar algo y con esto ayudar a su marido con los gastos del hogar tiene una pequeña graja donde cría hasta 100 pollos por temporada, además de esto también se dedica a la elaboración y venta de harina de pescado. Trabaja todos los días en ambas actividades, ella se desplaza a Manta para comprar el pescado que no se utilizan para fabricar el atún y luego lo traslada hasta su casa donde lo procesa para obtener la harina de pescado, la misma que luego entrega a comerciantes que la exportan al extranjero. Lleva 8 años en esta actividad y le ha ido bien.
Ella está repitiendo el crédito por que gracias a las ganancias que le dejo el crédito anterior su marido pudo arreglar una parcela en la cual van a sembrar ya que se acerca la época invernal, para ella siempre los créditos son muy importantes ya que las ganancias siempre las invierte para mejorar su situación económica. Este crédito es para comprar comida para los pollos y pescado para elaborar la harina. Está en el Banco Comunal desde sus inicios y le gusta por la ayuda que le dan con los créditos para salir adelante.
Su sueño es seguir mejorando día a día.
Previous Loan DetailsThe communal bank Virgen del Rosario [Virgin of the Rosary] gets together every fifteen days in Colorado in the canton of Montecristi. This area is known for its rich precolonial culture and for its nationally and internationally recognized arts and crafts. The majority of the residents make a… More from Manuela Idaelba'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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