Update on Neyda MonserrateThe "Eloy Alfaro" communal bank meets every two weeks in the Montecristi area which is known for its rich, precolonial culture and its artisan crafts that are famous both nationally and internationally.It is from here that straw hats originate.
And it is here that Neyda lives. She is 35 years old, married and has three children - aged fourteen, eight, and two years old each. The two eldest children are in school. Neyda's husband is a construction worker.
In order to earn a little on her own and to cover the costs of her children's education, Neyda started her own little business ten years ago.
She runs it out of her home and as the days have gone by and with the help of loans, the business has improved. Neyda's business is an ice cream shop.
She sells a very well-known, national brand of ice cream, in addition to fizzy drinks, water, juices, energy drinks and other beverages.
She makes most of her sales on the weekend as many people in the area meet up at some courts in front of her house to play sports.
She is asking for another loan as this is how she has always financed her business. Her profits served her for certain medical expenses since one of her children was sick. Part of her profits went to this emergency and the rest was invested back in the business.
This loan is to buy ice cream, fizzy drinks, water and other products to sell.
She has been with the communal bank since the beginning and likes it because the loans help her to keep on improving her business. Her dream is to give her children the best she possibly can.
ELOY ALFARO COMMUNAL BANK (individual)
En este lugar vive la señora Neyda, tiene 35 años de edad, está casada y de esta relación tienen tres hijos de 14, 8 y 2 años, los dos mayores estudian en colegio y escuela. Su esposo es albañil.
Doña Nayda con la finalidad de ganar algo por su cuenta y con esto solventar ciertos gastos de los estudios de sus hijos hace mas de 10 años empezó un pequeño negocio en su casa el mismo que con el paso de los días y con la ayuda de los créditos ha ido mejorando, ella tiene una heladería en su casa donde vende helados de una marca nacional muy reconocida, también vende gaseosas, aguas, jugos energizantes y varias bebidas, los días que más vende son los fines de semana que es cuando se reúnen sus clientes a jugar por unas canchas que están frente a su casa.
Ella está repitiendo el crédito ya que así como siempre ella financia su negocio y sus ganancias le sirvieron para ciertos gastos de medicinas que tuvo pues uno de sus hijos estuvo enfermo y parte de sus ganancias las tenia reunida y le sirvieron para esa emergencia el resto lo volvió a invertir en su negocio. Este crédito es para comprar helado, gaseosas, aguas, entre otros productos que vende. Está desde el inicio en el Banco Comunal y le gusta porque con los créditos ella mejora cada vez más su negocio. Su sueño es darles lo mejor a sus hijos.
BANCO COMUNAL ELOY ALFARO (individual)
Previous Loan DetailsThe "Eloy Alfaro" communal bank meets every two weeks in the Montecristi area, which is known for its rich, precolonial culture and its artisan crafts that are famous both nationally and internationally. It is from here that straw hats originate. And it is here that Neyda lives. She is 35 ye... More from Neyda Monserrate'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