Update on Alicia MonserrateThe San Vicente Credit Group meets every fifteen days in Picoaza parish of the city of Portoviejo. This is a place known for its trade, traditional San Pedro and San Pablo festivals, and happy inhabitants.
Alicia lives here. She is 35 years old, and is a single mother to her 13-year-old daughter, who studies at secondary school. She lives with her parents.
Alicia works in a local school as a teacher, and with her father, she is in charge of the snack bar, which sells sandwiches, natural fruit juices, and other healthy snacks for the children who attend this education center. At home, she also works selling phone cards and credit. She has worked in this for seven years, and thanks to it, she managed to complete her teaching degree and can now support her daughter.
She will use this loan to buy the ingredients she needs to prepare the food she sells. She has been a member of the Credit Group for ten years, and she likes it because thanks to the loans she received, she set up her business. Her dream is to offer her daughter the best of everything.
Aquí vive la señora Alicia, tiene 35 años de edad, es madre soltera de una hija de 13 años de edad que estudian en colegio. Ella vive en casa de sus padres.
Doña Alicia trabaja en una escuela de la localidad como maestra, además en la misma escuela ella en sociedad con su papá son los encargados del bar en el cual venden bocadillos, jugos naturales y varios productos saludables para los niños que llegan a este centro de estudios. También en su casa se dedica a la venta de tarjetas y recargas telefónicas. Lleva 7 años con su negocio y gracias a este negocio logro tener su titulo de licenciada y ahora le permite sacar adelante a su hija.
Este crédito lo va a emplear para comprar víveres necesarios para preparar los alimentos. Lleva 10 años en el Grupo De Crédito y le gusta porque gracias a los créditos ella empezó su negocio. Sus sueños son darles lo mejor a su hija.
Previous Loan DetailsThe communal bank San Vicente meets every 15 days in Picoaza parish in the city of Portoviejo. This is a place that is known for its commercial activity, its traditional patron saint San Pedro and San Pablo festivities, and the happiness of its people. Here we meet Alicia, 35, who is a single... More from Alicia Monserrate'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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