Update on Segundo TomasThe Communal Bank “María Del Carmen” meets every 15 days in the canton of Montecristi. This place is known for its famous Panama hats. The city experiences cold weather and there are many tourist attractions in the area.
Don Segundo lives in this place. He is 59 years old, married, and has four grown children. His wife is a homemaker.
Sr. Segundo sells fish. He buys the fish in the city of Manta and then sells his products from a rented car. He conducts his sales within his city and in the neighboring cantons. Segundo has been in this business for more than 30 years and is doing very well.
He is requesting another loan so that he can use the money to finance his business. His profits will be used to satisfy the household needs. This loan will be invested in the purchase of fish. Segundo has been with the Communal Bank for more than four years and enjoys having the assistance. His dream is to buy a car.
En este lugar vive don Segundo, el tiene 59 años de edad, está casado y fruto de esta relación tiene cuatro hijos mayores de edad. Su esposa es ama de casa.
El señor Segundo se dedica a la venta de pescado, él compra el pescado en la ciudad de Manta y luego en un carro que alquila lo vende en su ciudad y en cantones aledaños, se dedica a este negocio más de 30 años y le ha ido muy bien.
El está repitiendo el crédito ya que con ellos el financia su negocio, sus ganancias las invierte para satisfacer las necesidades del hogar. Este crédito lo va a invertir en comprar pescado. Está en el Grupo De Crédito desde hace más de 4 años y le gusta por la ayuda. Su sueño es comprar un carro.
Previous Loan DetailsThe “María Del Carmen” communal bank meets every fifteen days in Montecristi Canton where the famous straw hats come from. It’s a cold climate city with many natural tourist attractions. Segundo, 59, lives here. He’s married and has four adult children. His wife’s a housewife. Segundo wo... More from Segundo Tomas'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
- 6 months (Additional Information)
- Repayment Schedule
- Jan 20, 2014
- Feb 9, 2014
- Currency Exchange Loss:
- Jun 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.