Update on María FernandaSeñora María has been part of the El Arenal communal bank for some time now. This is a lovely group. All the members are united, kind, and always help with any problems. María lives on the outskirts of the city of Cuenca, a city surrounded by beautiful countryside and with many places to enjoy nature. Cuenca's colonial architecture won it the designation of World Heritage Site in December 1999.
María is a very young woman; she is 26 and is the single mother of four children ages 11, 9, 7, and 2. Her three eldest children go to a small school in the city. They do not have their own home; they rent.
María makes sports clothing in her workshop and has sold all kinds of clothing for several years. She likes this work because it allows her to be independent economically and to spend time at home taking care of her children.
She invested her previous loan in materials for her workshop. Her income from this loan was very useful and covered many of her household costs. She did not have any trouble repaying the previous loan, and she repaid the installments on the payment dates as planned. She will also invest this new loan in the purchase of clothing in order to have a greater variety for her demanding clientele.
La Señora María es una mujer muy joven tiene 26 años de edad, es madre soltera de 4 niños de 11, 9, 7 y 2 años de edad, sus tres primeros hijos estudian en una escuelita de la ciudad, no tiene casa propia por lo que vive arrendando.
Doñas María se dedica a la confccion de ropa deportiva en su taller y a la venta de todo tipo ropa desde hace algunos años, le gusta este trabajo porque le da la oportunidad de ser independiente económicamente y al mismo tiempo pasa en su casa al cuidado de sus hijos.
El dinero de su crédito anterior lo invirtió en materiales para su taller y las ganancia que obtuvo fueron de mucha ayuda para solventar muchos gastos de su hogar, en los pagos de dicho crédito no tuvo ningún problema ya que cancelo en las fechas indicadas. Su nuevo crédito también lo va a invertir en la compra de ropa para tener una mayor variedad de prendas de vestir para su exigente clientela.
Previous Loan DetailsMaria is an active member of the El Arenal communal bank, which she has belonged to for the last three years. She lives in a community called Misicata, part of the town of Baños near Cuenca. Baños is famous for its hot springs, beautiful landscapes, varied cuisine, and the culture and traditions ... More from María Fernanda'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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