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María Marlene

Update on María Marlene

The “Kennedy New Credit Group” gathers each 15 days in Canton Montecristi, known for its rich colonial culture and its artisan crafts, recognized both nationally and internationally. This is where the famous [Panama] hats are made using the local 'toquilla' straw.

Here resides Maria, who is 45 years old and married. From this union sprang 3 children, all now adults, 2 of whom still live with Maria. Her husband is a merchant.

Maria and her husband sell fruits and vegetables in a market in Montecristi. They go to the market very early in the morning to buy their products from wholesale merchants and once they have them, they stock their small post in the local market where they sell these products to customers who came daily to the market center to buy food. Maria and her husband have devoted themselves to this activity for more than 11 years, and have advanced their children with the earnings.

This loan will be used to purchase vegetables and fruits to sell daily. Maria was a founding member of her credit group and she likes it because, thanks to these loans, they can finance their business. Their dream is one day to have a grand grocery store.
View original language description ↓
EL Grupo De Crédito Nueva Kennedy se reúne cada quince días en el Cantón Montecristi, conocido por su rica cultura pre colonial y por su artesanía, que es reconocida a nivel nacional e internacional. Lugar de los famosos sombreros de paja toquilla.
En este lugar vive la señora María, tiene 45 años de edad, está casada y de esta relación tienen tres hijos mayores de edad, dos de ellos aún viven con ella. Su esposo es comerciante.
Doña María junto al esposo se dedican a la venta de frutas y legumbres en un mercado de Montecristi, ellos muy de mañana se van hasta el mercado a comprar los productos a comerciantes mayoristas y una vez que tienen los productos arman un pequeño puesto en el mercado local en el cual venden los productos a los clientes que a diario llegan hasta este centro de abasto para comprar los alimentos. Llevan más de 11 años dedicados a esta actividad con la cual han sacado adelante a sus hijos.
Este crédito lo va utilizar en comprar legumbres y frutas para la venta diaria. Es socia fundadora del Grupo De Crédito y le gusta porque gracias a los créditos ellos financian su negocio. Sus sueños son tener una gran tienda de víveres.

Previous Loan Details

The Nueva Kennedy communal bank meets every two weeks in the Montegristi settlement, known for its rich pre-colonial culture and nationally and internationally knows arts. It’s the place of the famous toquilla straw hats. Maria lives here. She is 45 years old, married, and has three adult ch... More from María Marlene'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 $650 helped María Marlene buy vegetables and fruits to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Mar 24, 2014
Apr 17, 2014
Currency Exchange Loss:
Sep 17, 2014