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María Graciela

Update on María Graciela

The village bank Junín meets every 15 days in the canton of Junín, a place know for its hardworking and friendly people as well as the best distilled liquor in the province and in Ecuador.

Here lives Maria, 34, a single mother of three children ages 18,17 and 13 who are in school. She has been with the village bank for three cycles and likes it because the loans have helped her with her business and allowed her to get her kids ahead.

With the goal of taking care of her children alone, Maria and her children made some corrals where she raises pigs and poultry. She buys the pigs when they are small and feeds them for 3-4 months and later sells them to buyers who come to the area. She has been doing this for 8 years and it allows her to make an honest living.

Maria is repeating her loan because it's the only way that she can get ahead. She currently has more than 200 chickens and needs a loan to buy food and medicine for them because they get sick a lot during this season and she doesn't want any losses. With the earnings from the previous loan she improved the corrals and can now fit more chickens, and therefore have more future profits. This loan is to buy food and medicine for both the chickens and the pigs. She likes the village bank because the loans help her a lot in life.

Her dream is to continue moving forward and to have good health.
View original language description ↓
EL Banco Comunal Junín se reúne cada quince días en el cantón Junín, este lugar se lo conoce por su gente amable y trabajadora y porque se destila el mejor aguardiente en la provincia y en el Ecuador.

En este lugar vive la señora María, tiene 34 años de edad, es madre soltera de tres hijos de 18, 17, 13 años que estudian en colegio. Lleva tres ciclos en el Banco Comunal y le gusta porque con los créditos se ha ayudado en su negocio y porque le han permitido sacar adelante a sus hijos.

Doña María con la finalidad de salir adelante sola con sus hijos con la ayuda de ellos hizo unos corrales en los cuales se dedica a la cría de chanchos y aves de corral. Ella compra los chanchos cuando están pequeños los alimenta por unos tres a cuatro meses y luego los vende a comerciantes que llegan hasta la zona, lleva más de 8 años con esta actividad la misma que le permite salir adelante honradamente.

La señora María está repitiendo el crédito ya que es la única forma que ella tiene para salir adelante, actualmente tiene más de 200 pollos y necesita del crédito para comprar alimentos y medicinas para estos ya que es esta época se enferman mucho y no quiere tener perdidas. Con las ganancias del crédito anterior ella mejoro los corrales y ahora ya puede meter más pollos y así tener más ganancias en el futuro. Este crédito es para comprar alimentos y medicinas tanto para los pollos como para los chanchos. Lleva tres ciclos en el Banco Comunal y le gusta porque los créditos le ayudan mucho en su vida.

Sus sueños son seguir adelante y tener buena salud.

Previous Loan Details

The Junín communal bank meets in the Junín settlement every two weeks. This place is known for its friendly and hardworking people and because the best brandy in the province and all of Ecuador is distilled here. María is 34 years old and is the single mother of three children, ages 18, 17, a... More from María Graciela's previous loan »

Additional Information

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.

About Ecuador

  • $10,200
    Average annual income
  • 39
    View loans »
    Ecuador Loans Fundraising
  • $23,094,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,400 helped María Graciela to buy food and medicine for chickens and pigs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 8, 2013
Listed
Apr 1, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2013