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Alba Lorena

Update on Alba Lorena

This client lives in the city of Portoviejo. Some time ago she used to work applying nail polish and some of her customers motivated her to start the activity she’s currently in (cosmetics and beauty products sales). It has produced good results for her to this day. She works Monday to Saturday with her sister and offers her goods to neighbors, friends and acquaintances.
View original language description ↓
La cliente vive en la ciudad de Portoviejo. Tiempo atrás ella pintaba uñas y a través de sus clientes que la incentivaron, empezó con la actividad que emprende actualmente (venta de cosméticos y productos de belleza) y la que le ha dado buenos resultados hasta el día de hoy. Trabaja de lunes a sábado en compañía de su hermana y le ofrece sus productos a sus vecinas, amigas y conocidas.

Previous Loan Details

Alba is 43 years old and is a single mother. She has two children, of whom one goes to public school and the other is of legal age. Alba is a hard-working woman who does not let herself be overcome by the adversities or the problems that arise for her. She completed a beauty course at UTM (a tech... More from Alba Lorena's previous loan »

Additional Information

About Banco D-MIRO

Banco 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.

About Ecuador

  • $10,600
    Average annual income
  • 45
    View loans »
    Ecuador Loans Fundraising
  • $24,295,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Alba Lorena to buy creams, perfumes, costume jewelry, and cosmetics for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2013
Listed
Jul 25, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 4, 2014
This photo was used before for a previous loan for Alba Lorena. It was first posted on Kiva on Sep, 2012. Learn More