Update on Paca KarinaPaca Karina is 24 years old, single, and has no children. She lives with her parents in Chimbo, which is in Bolívar Province.
Paca Karina is a domestic employee. She is requesting a loan in order to buy a washing machine. With the help of this loan, she will be able to buy what she is lacking in her home. Her purchases are made in Chimbo.
The challenges she faces include staying healthy so that she can continue working. Her dream is to have everything she needs, so she strives to live better. Another challenge is having to deal with the competition.
In her free time, she enjoys playing and spending time with her family. Paca Karina says, “I am very grateful for the loan that has been provided.”
PACA KARINA es empleada doméstica. Solicita el crédito para comprar una lavadora. Con la ayuda del crédito podrá comprar lo que le hace falta para la casa. Las compras lo hará en Chimbo.
Los deafíos a los que se enfrenta es tener salud para seguir trabajando. El sueño es tener lo necesario a base del esfuerzo para vivir mejor.
Los desafíos a los que se enfrenta es la competencia, En el tiempo libre le gusta jugar y pasar con la familia.
"Está muy agradecida por el crédito otorgado".
Previous Loan DetailsPaca Karina is 23 years old. She is single and has no children. She lives with her parents in Chimbo in Bolívar province. Paca Karina is a domestic worker. She is asking for the loan to purchase furniture, a dresser and table. With the help of the loan, she will be able to buy what she needs for… More from Paca Karina's previous loan »
About Cooperativa San JoseThis loan is administered by Cooperativa San Jose, a 45,000-member credit union located high in the Andes Mountains of Ecuador’s poorest province, Bolivar. They offer a unique loan called “Ventanillas Rurales” [Window to the Countryside], which uses a group guarantee but is an individual loan with a savings component, mostly to rural borrowers. Due to low savings rates and a history of macroeconomic instability, many traditional loans in Ecuador demand interest rates that are prohibitively high for some borrowers. There is also a high incidence of extortionist black-market lending in Ecuador. CSJ helps mitigate these problems by providing a less onerous and more appropriate option. Join CSJ’s Lending Team!
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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