Virginia Del Pilar
Update on Virginia Del PilarThe members of the ‘Nueva Esperanza’ [New Hope] communal bank meet once a fortnight in the city of Santa Ana. The city is known for its lovely scenery and its beautiful freshwater swimming areas, which are visited by a lot of tourists. Virginia, age 60, lives in this place. She is married, and they have four adult children. The youngest daughter still lives with them. Her husband is a doctor.
Virginia is a housewife and in order to have her own income and to feel useful and independent, she sells clothes, shoes, purses and other items from catalogues. She sells door to door by going around the area with her products. She also sells at her house, where her customers visit when her merchandise arrives.The merchandise is sent from the United States. She has been engaged in this business activity for over six years, and it is going very well for her.
Virginia is taking out another loan so she can have money of her own without depending on her husband. She will invest her profits in buying more merchandise and continue increasing her business. This loan is to buy clothes, shoes, purses, and various other products which she sells. She has been in her communal bank since it started. She likes it because the payments are easy to make. Her dream is to have a boutique.
En este lugar vive la señora Virginia, tiene 60 años de edad, está casada y de esta relación tienen cuatro hijos todos mayores de edad, la menor aun vive con ellos. Su esposo es médico.
Doña Virginia es una ama de casa que para obtener sus propios recursos y sentirse útil e independiente se dedica a la venta de ropa por catalogo, zapatos, carteras, entre otras cosas, su forma de venta es puerta a puerta ella sale a recorrer por la localidad con sus productos o también vende en su casa, hasta donde llegan sus clientes cuando le llega mercadería, esta se la envían desde los Estado Unidos. Tiene más de 6 años que se dedica a esta actividad y le va muy bien.
Ella está repitiendo el crédito para contar con recursos propios sin depender de su marido y que sus ganancias las invierte en comprar más mercadería e ir ampliando su negocio. Este crédito es para comprar ropa, zapatos, carteras y varios productos más que vende. Esta desde el inicio en el Banco Comunal y le gusta porque los pagos son fáciles de hacer. Sus sueños son tener una boutique.
Previous Loan DetailsThe members of the ‘Nueva Esperanza’ [New Hope] communal bank meet every 15 days in the city of Santa Ana. The city is known for its lovely scenery and its beautiful freshwater swimming areas, which are visited by a lot of tourists. Virginia, age 60, lives in this place. She is married, and… More from Virginia Del Pilar'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 15, 2013
- Nov 11, 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.