Update on María TeresaMaría is part of the Victoria del Portete communal bank. She lives in the outskirts of the La Victoria del Portete parish in Cuenca. This place has a cold climate, vast plains, green fields, and a mix of modern and ancient architecture. Its people are kind, gentle, and have warm hearts. They still maintain the cultures and traditions of their villages.
María is 22 years old and single. She lives with her mother, who works with livestock. Her father does not live in the country. She does not have her own house, so she rents where she lives.
María is a tenacious and entrepreneurial woman who is carving out her future with her work. She works in a factory where they make shoes. At home she raises animals. These business activities make it easier for her to be independent. In turn, she is very responsible and helps with the family finances.
The money from the previous loan was used to buy livestock. This is the same as her new loan, which she will also use to increase her livestock. This way she will grow more in this business. She likes her communal bank because of the solidarity, camaraderie, and friendships that exist among the members and friends in the group.
La señorita María tiene 22 años de edad, es soltera y vive con su mamá quien se dedica a la ganadería, su padre no vive en el país. No tiene casa propia por lo que vive arrendando. E
Doña María es una mujer luchadora y emprendedora quien esta labrando su futuro con su trabajo, se dedica a laborar en una fábrica en donde se elabora calzado y en su casa se dedica a la crianza de animales, estas actividades le dan la facilidad ser independiente y a su vez muy responsable y ayudar en la economía de su familia.
El dinero de su crédito anterior ha sido invertido en la compra de ganado al igual que su nuevo crédito también va a invertir para el incremento de ganado y así crecer más en este negocio. Su grupo de crédito le gusta por la solidaridad, compañerismo y amistad que hay entre todas las integrantes y amigas del grupo.
Previous Loan DetailsMaría belongs to the Victoria del Portete communal bank. This loan allows her to improve her financial stability. She lives in the Victoria de Portete parish in Cuenca. This parish has large plains that are favorable for raising livestock and farming. Its people are known for their kindness a... More from María Teresa'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
- Oct 10, 2013
- Nov 7, 2013
- Currency Exchange Loss:
- May 17, 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.