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Lucinda Magaly

Update on Lucinda Magaly

Ms. Lucinda has been a member of the credit group Sector 3 Marías as of one year ago. During this time, the loans have allowed her to buy raw material for her business. She lives in a community that has the same name as her credit group. It belongs to the parish of Turi in Cuenca. This parish is well known for the beauty of its church. It is also admired because it has a beautiful view of the city of Cuenca. Its people are friendly, kind and hard-working. They work in various activities, such as agriculture, sales, and raising animals.

Ms. Lucinda is 24 years old, she is married and has no children. Her husband works in construction, they live in their own house.

Ms. Lucinda has owned a sewing shop for 3 years. She works in her business from Monday to Saturday without a fixed schedule. She learnt this job by working and because of her skills. She sells the clothes she makes in the city. At home, she also raises chickens. The money from this loan will be invested in buying fabric, thread, and spare parts for her sewing machines. Her goal is to turn her small shop into a factory.
View original language description ↓
La Señora. Lucinda forma parte del grupo de crédito Sector 3 Marías desde hace un año y medio, todo este tiempo los créditos le han permitido comprar materia prima para su negocio, vive por la comunidad de que tiene el mismo nombre que al banco comunal y pertenece a la parroquia de Turi en Cuenca, esta parroquia es reconocida por la belleza de su iglesia, también es admirada ya que desde allí se puede admirar gran parte de la ciudad de Cuenca, su gente es amable, gentil, luchadora y trabajadora, se dedican a laborar en el comercio, cría de animales y agricultura.
La Señora. Lucinda tiene 24 años de edad, es casada y no tiene hijos, su esposo labora en el área de la construcción, la casa en la que viven es propia.
Doña Lucinda desde hace tres años tiene un taller de costura, en su negocio trabaja de lunes a sábados sin un horario fijo, esta actividad lo aprendió trabajando y por habilidad, la mercadería que ella elabora la vende los días de feria en la ciudad. En su casa también se dedica a la crianza de pollos. El dinero de su crédito va a invertir en la compra de telas, hilos y repuestos para sus maquinas de cocer. Su meta es que su pequeño taller convertirlo en una fábrica.

Previous Loan Details

Ms. Lucinda is a very good member of the credit group Sector 3 Marías. This is the second loan she has done with her friends and partners in this group. She lives on the outskirts of the parish of Turi in Cuenca, an area rich in green fields because of its rugged terrain. Its people struggle and ... More from Lucinda Magaly'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.

Tags

About Ecuador

  • $10,200
    Average annual income
  • 59
    View loans »
    Ecuador Loans Fundraising
  • $23,551,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Lucinda Magaly to buy fabric, thread, and spare parts for her sewing machines.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2014
Listed
Jun 18, 2014
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2014