Update on Cruz CarmelinaCruz is a member of the Mujeres Floreciendo communal bank. She lives outside the city of Cuenca, a city named as a World Cultural Heritage site in December 1999. Its gastronomic offerings entice visitors. Four rivers flow through it. Its citizens are friendly, kind and hard-working, always searching for a better future for their families.
Cruz is 58 years old is married and has two grown children as fruit of this union. One is married and lives independently, the other studies and works. Her husband works as a security guard. They live in their own home.
Cruz sells snacks which she makes herself and pastries with all types of fruits. She also sells clothes, a business she started a few years ago.
She is requesting the same loan again as the last one was very helpful. She invested it in her business and saw good results. This new loan will be used to buy clothing and supplies to continue with her business. She enjoys her communal bank for the friendship and solidarity. Plus the loans allow her to continue to expand her economic activity.
Doña Cruz tiene 58 años, es casada y fruto de su unión conyugal ha concebido 2 hijos mayores de edad, uno de sus hijos es casado y vive independiente, su otro hijo estudia y trabaja. Su esposo presta sus servicios como guardia de seguridad, la casa en la que viven es de propia.
La Señora Cruz se dedica al comercio, vende bocaditos que ella mismo realiza, dulces de toda clase de frutas y también se dedica a la venta de ropa, en este negocio se encuentra hace algunos años.
Ella está repitiendo el crédito por que el anterior le fue de mucha utilidad ya que lo invirtió en su negocio y obtuvo buenas ganancias. Su nuevo crédito lo va a invertir en la compra de ropa y víveres para seguir en su negocio. Su grupo de crédito le gusta por la unión y solidaridad, también porque los créditos le permiten continuar creciendo en sus actividades económicas.
Previous Loan DetailsCruz joined the "Mujeres Floreciendo" communal bank ten years ago. There, her colleagues and friends have become like another family, with a spirit of comradeship and support. Cruz lives in the Paccha parish in Cuenca. A place with a cold climate, Paccha's hills give you plenty of places to vi... More from Cruz Carmelina'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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