Update on Lidia AlexandraIn Los Bajos de Montecristi, a city known for its great diversity of traditional products such as the straw hats known inside and outside of the country, every 15 days the members of the communal bank 4 de Noviembre meet.
Lidia lives in this place. She is 35 years old and married, and from this relationship she has three children who are 11, 9, and 3 years old. The two oldest children study in school. Her husband is a merchant.
Lidia has a small button factory. With the help of previous loans, she bought what was necessary to be able to begin her business, and currently she has two machines that create these products. Every week, she turns over her buttons to merchants that then sell them to exporters in the city of Manta, who then bring these buttons to other countries to finish. She works from Monday through Saturday with the help of a sister to whom she pays a monthly salary. She has worked in this business for four years, and it is going very well for her.
She is applying for a loan again to continue enlarging her business. She utilized the profits that she was left with to buy raw materials because with the winter scarcity they will become more expensive. This is why with what she has in reserve she will be left with better profits. This loan is to buy tagua palm to make the buttons. She has been with the communal bank for seven years and she likes this bank because, thanks to the loans, she was able to buy what was necessary for her to be able to have her factory.
Her dream is to have a much bigger company and machinery to be able to create a finished product.
En este lugar vive la señora Lidia, tiene 35 años de edad, está casada y de esta relación tienen tres hijos de 11, 9 y 3 año de edad, los dos mayores estudian en escuela. Su esposo es comerciante.
Doña Lidia tiene una pequeña fábrica de botones, con la ayuda de los créditos compro lo necesario para poder comenzar su negocio y en la actualidad ya cuenta con dos maquinas que sirven para elaborar estos productos. Todas las semanas ella entrega a comerciantes que luego los venden a exportadores en la ciudad de Manta para que los lleven a otros países y les den el terminado a los botones. Ella trabaja de lunes a sábado con la ayuda de una hermana a quien le paga un sueldo mensual. Lleva cuatro años con su negocio y le va muy bien.
Ella está repitiendo el crédito para seguir aumentando su negocio, con las ganancias que le quedaron ella las utilizo para comprar materia prima ya que con el invierno escasea y se opone más cara por lo cual con lo que tiene en reserva le van a quedar mejores ganancias. Este crédito es para comprar tagua para elaborar los botones. Lleva 7 años en el Banco Comunal y le gusta porque gracias a los créditos ella pudo comprar lo necesario para poder tener su fábrica.
Sus sueños son tener una empresa mucho más grande y maquinarias para tener un producto terminado.
Previous Loan DetailsIn the city of Los Bajos de Montecristi, a city known for its great diversity of local products such as straw hats known in and outside of the country, members of the Novenber 4th Communal Bank members meet every 15 days. Here lives Mrs. Lidia who is 34 years old, married, and has 3 children of... More from Lidia Alexandra'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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