Update on Zoila BalvinaZoila is requesting another loan with her friends and fellow San Vicente communal bank members. She lives in Cuenca’s Victoria Portete zone which has a cold climate and beautiful scenery. Its residents are kind, gracious and still retain their culture and traditions. The main sources of income are agriculture, animal husbandry and commerce that’s carried out in the city.
Zoila, 43, is married and has four children who are 22, 19, 17 and 15 years of age. Her oldest two children work and help her out economically. The next two attend the local secondary school. Her husband works in construction and the house they live in is their property.
Zoila works doing field work like raising animals and agriculture, activities she learned as a little girl. She also embroiders having learned this by working at it and because she’s skilled at it. Now, all these activities provide her with the opportunity to improve her economic stability and to get ahead with her entire family. It’s also allowed her to be independent economically.
She used her previous loan to buy pigs and thread and will use the new loan to buy cattle and fabric. She likes her communal bank because of the unity and solidarity that exists among them as well as the loans that have allowed her business to grow. Her goal is to have a vehicle of her own.
Doña Zoila tiene 43 años, es casada y en su unión conyugal ha concebido 4 hijos de 22, 19, 17 y 15 años de edad, sus dos primeros hijos trabajan y le ayudan económicamente, sus dos siguientes hijos estudian en un colegio de la localidad. Su esposo labora en la construcción como albañil, la casa en la que viven es de propia.
La Sra. Zoila se dedica a las tareas del campo, como es la crianza de animales y la agricultura, actividades que aprendió desde muy niña, también trabaja en el bordado este trabajo lo aprendió trabajando y por habilidad, ahora todas estas actividades le dan la oportunidad de mejorar la estabilidad de su economía y salir adelante con toda su familia, también le ha dado la oportunidad de ser una persona independiente económicamente. Su crédito anterior lo invirtió en la compra de cerdos e hilos, su nuevo crédito va a invertir en la compra de ganado y telas. Su grupo de crédito le gusta por la unión, solidaridad que existe así mismo que los créditos le han permitido crecer en su negocio. Su meta es tener un vehículo propio.
Previous Loan DetailsZoila is a member of San Vicente communal bank. She lives in the parish of Victoria del Portete in Cuenca. This area boasts vast plains that are favourable for cattle ranching. Here one can enjoy the tranquillity of nature. The members of the communal bank are determined women who, through th... More from Zoila Balvina'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
- Sep 20, 2013
- Oct 21, 2013
- Currency Exchange Loss:
- Apr 16, 2014
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.