Update on Martha IsabelSra. Martha lives in Libertad and is 41 years of age. She has a business of selling clothes. Martha has always been in this line of work since she began doing this as a young woman with her mother. At the moment, she manages her own business and is doing very well.
Martha works every day by herself, but she needs assistance since she is a person who is not well. She is not married and has children who are not studying since they are grown and working. Martha has been both mother and father to her children, so she has strived to move them forward by herself and provide for her family’s welfare.
With this loan, Martha will buy blouses, trousers, and undergarments. By purchasing more merchandise for her business, she will be able to keep growing and generate more income. This will allow her to have a harmonious household.
Este trabajo lo realiza sola todo el día, ella es una persona enferma que requiere de ayuda, no está casada, es un amujer soltera con hijos, los hijos ya no estudian son mayores de edad y trabajan. Le a tocado ser madre y padre para sus hijos y sola se esfuerza para seguir adelante dandoles un mejor bienestar asu familia.
Con este prestamo quiere comprar blusas, pantalones e interiores para asi poder comprar mas mercadería para que su negocio siga creciendo y así pode regenar mayores ingresos y tener un hogar lleno de armonia.
Previous Loan DetailsMartha is 40 years old. She is divorced and has one child who attends a state school. Martha started her business because when she divorced she didn't have any source of income. She decided to start selling clothing and Avon products. She works alone from morning until evening. She works every… More from Martha Isabel's previous loan »
About Banco D-MIROBanco D-MIRO is a microfinance institution that serves the most vulnerable sectors of Ecuador’s economy. It offers very small loan sizes without requiring collateral, expanding access to borrowers who would not otherwise be able to access capital to start and grow their own businesses. It also specifically targets borrowers who are excluded from formal financial systems due to race, ethnicity, gender, disability or illness.
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
- Jan 21, 2013
- Feb 25, 2013
- Currency Exchange Loss:
- Feb 25, 2014
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.