Update on Nancy PiedadNancy is a founding member of the 'El Cisne' community bank. During her time as a member of the bank, she has become good friends with her neighbors and fellow group members. She lives on the outskirts of El Valle parish, in Cuenca. This is a cold-climate area whose architecture is a mixture of old and new. Most of the farming that takes place is done to feed individual households. People also raise animals. El Valle has experienced a lot of commercial growth. The local people, in common with all the members of this community bank, are kind, friendly people who maintain the culture and traditions of their ancestors.
Nancy is 38 years old, married, and has four children from her marriage who are 18, 17, 8 and 7 years old. Her eldest daughter is married and lives independently. Her second daughter lives at home and helps with the household chores. Her two younger children are attending a local school. Her husband works in a carpentry workshop. They own their own home.
Nancy has been selling pigs for 12 years. She chose this line of work as a source of income so that she could help her husband to cover their household expenses and provide their children with better financial stability.
Nancy invested her previous loan in buying animals which made her good profits. She used the money to cover many of her household expenses. She will invest this loan in buying pigs so that she can continue growing her business.
La señora Nancy es casada, tiene 38 años de edad, en su unión conyugal ha concebido 4 hijos de 18, 17, 8 y 7 años de edad, su primera hija vive independiente ya que es casada, su segunda hija pasa en casa ayudando en los quehaceres del hogar, sus dos últimos hijos están estudiando en una escuelita de la ciudad. Su esposo labora como operario en una carpintería, la casa en la que vive es propia.
Doña Nancy se dedica a la venta de cerdos desde hace 12 años, ha elegido este trabajo como fuente de ingresos para ayudarle a su esposo a solventar los gastos del hogar y darles a sus hijos una mejor estabilidad económica.
Su crédito anterior lo invirtió en la compra de animales, los cuales le dejaron buenas ganancias con las que pudo solventar muchos gastos de su hogar. Este crédito lo va a invertir en la compra de cerdos para continuar creciendo en el negocio
Previous Loan DetailsNancy has belonged to the communal bank El Cisne (The Swan) for nine years. She lives in the parish of Valle en Cuenca, a place that has a rugged geography which means landscapes that stay in the memory. The people are hard-working and they work trading, raising animals and growing crops, and many… More from Nancy Piedad'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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