Update on María GladysMaría has been taking loans alongside her friends and companions of the communal bank Nuevo Bankito la Ramada. She likes this type of credit for furthering growth in business while spending time with friends and neighbors.
She lives in the parish of Nabon in Cuenca, a place that has a cold climate and is surrounded by lush vegetation thanks to its rugged terrain. Its architecture is a mix of modern and old and its people maintain their traditions.
María is 50 years old. She is married with nine children. Six of them are married and live independently, one of them studies at secondary school and two attend a small local school. Her husband works as a mason or laborer. They live in their own house.
María works in agriculture and animal husbandry. She learned from her parents and now it is a way to earn income for the household and to raise the family. It also allows her to spend time at home caring for her loved ones.
The money from her previous loan was invested in animal feed and construction supplies. This loan will be used to buy seed, fertilizer, guinea pigs and chickens in order to continue growing in her financial activity.
Doña María tiene 50 años de edad, es una señora casada y ha concebido 9 hijos, 6 de ellos son casados y viven independientes, uno de sus hijos estudia en el colegio y dos en una escuelita de la localidad. Su esposo labora como albañil o jornalero, la casa en la que viven es propia.
Doña María se dedica a la agricultura y cría animales, trabajo que aprendió de sus padres y ahora es un método para tener ingresos en su hogar y sacar adelante a su familia, también le permite pasar en casa al cuidado de sus seres queridos.
El dinero de su crédito anterior lo invirtió en la compra de alimento para sus animales y materiales de construcción, esta repitiendo el crédito para comprar de semillas, abono, cuyes, cerdos y gallinas para continuar creciendo en esta actividad económica.
Previous Loan DetailsThis will be Maria’s fourth loan in the “Nuevo Bankito la Ramada” communal bank. They live in the Nbon settlement, a place with beautiful landscapes thanks to its geography. Its people have warm hearts and keep the fires of their culture and traditions burning. Maria is 50 years old, married, ... More from María Gladys'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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Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- May 23, 2013
- Jun 18, 2013
- Currency Exchange Loss:
- Dec 17, 2013
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.