Update on Manuela MagdalenaManuela Magdalena is 34 years old, married, and has completed six years of primary education. She has four children, two of whom are studying. Manuela sells women’s clothing, and she started her business with just a little capital. She has six years of experience so far, with the support of her husband who is a shipper.
Manuela is asking for a loan to purchase merchandise to sell like blouses, skirts, aprons, and traditional clothing, etc., so that she can have better opportunities to sell, and later on be able to have other sales outlets. In this way, she will be able to give her family a better life.
Solicita un préstamo que solicita para la compra de mercadería para la venta, espera comprar mas venta, consistente en blusas, cortes, delantales, guipiles, etc. Esto con el fin que tenga mejores oportunidades de vender, y poder mas adelante tener otros puntos de venta. Así podrá darle una mejor condición de vida a su familia.
Previous Loan DetailsManuela Magdalena is married and 34 years old. She completed three years of basic education and has three children who are studying. She works in a shop and her husband offers transportation services. She sells different types of articles for daily consumption in the store that she has. She and… More from Manuela Magdalena's previous loan »
About Asociación ASDIRASDIR (Asociación de Desarrollo Integral Rural - Association for the Development of Rural Communities) is a community-based organization that works to promote development in the villages and communities where it serves. It was founded in 1999 in the village of Nimasac, Totonicapán Department, by a handful of local men and women to support community projects and group loans. Today ASDIR has 5 offices across 3 departments (Totonicapán, Sololá and Suchitepéquez) serving more than 6,000 clients, most of them in rural communities.
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
- 14 months (Additional Information)
- Repayment Schedule
- Dec 9, 2012
- Jan 5, 2013
- Currency Exchange Loss:
- Apr 18, 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.