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Cruz María

Update on Cruz María

The María Del Carmen communal bank meets every fifteen days in the Montecristi Canton where the famous straw hats come from. It’s a city with a cold climate and many natural tourist attractions.

This is the place where Cruz, 38, lives. She is married and has two children aged 14 and 9 years attending school, the eldest in secondary school and the youngest in elementary school. Her husband is a driver.

Cruz is a very good housewife who sells clothes, shoes and Yanbal products, which she sells door to door throughout the city. She leaves a credit and charges every 8 days. She has been in this business for more than 15 years and it has helped her to get ahead.

She is getting another loan because the previous loan improved her business and her profits have helped her to buy clothes and shoes for her children and to pay for the costs of both of their schools.

This loan is to buy clothes, shoes and Yanbal products. She has been in the communal bank 14 years and likes it because of the help the loans provide. Her dream is to have a big store.
View original language description ↓
El Grupo De Crédito María Del Carmen se reúne cada quince días en el Cantón Montecristi lugar de los famosos sombreros de paja toquilla, ciudad de clima fresco y con muchos atractivos turísticos propios de la zona.
En este lugar vive la señora Cruz, tiene 38 años de edad, está casada y fruto de esta relación tiene dos hijos de 14 y 9 años que están estudiando el mayor en colegio y el menor en escuela. Su esposo es chofer.
Doña Cruz es una muy buena ama de casa que se dedica al comercio, vende ropa, zapatos y productos Yanbal, su forma de venta es puerta a puerta por toda la ciudad, deja a crédito y cobra cada 8 días, tiene más de 15 años dedicada a este negocio que le ha ayudado a salir adelante.
Ella está repitiendo el crédito ya que con el crédito anterior mejoro su negocio y sus ganancias le sirvieron de mucho para comprar ropa y zapatos a sus hijos y gastos que tuvo en las escuelas de ellos. Este crédito es para comprar ropa, zapatos y productos Yanbal. Está en el Grupo De Crédito desde hace 14 años y le gusta por la ayuda que le brindan los créditos. Su sueño es tener un gran bazar.

Previous Loan Details

The “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. Cruz, 38, lives here. She’s married and has two children aged 14 and 9 years attending school; the eldest... More from Cruz María's previous loan »

Additional Information

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.

About Ecuador

  • $10,600
    Average annual income
  • 78
    View loans »
    Ecuador Loans Fundraising
  • $25,057,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Cruz María to buy clothing, shoes and Yanbal products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jan 20, 2014
Feb 10, 2014
Currency Exchange Loss:
Jun 17, 2014
This photo was used before for a previous loan for Cruz María. It was first posted on Kiva on Oct, 2013. Learn More