Update on MarcelinaMarcelina has worked in the field for as long as she can remember. Being a single mom always gave her more responsibilities and more energy, she believes, to endure the hardships of labor. Marcelina lives now with her two youngest children. Although she gets a pension because of her age, she still does some work to cover the household expenses. In total, she makes around $800 USD as her monthly income. When she started receiving her pension, she expanded her house to include a bedroom, a living room, and a larger kitchen. However, she soon found that she miscalculated the expenses and did not have the right technical knowledge to do it alone and applied for a credit and technical assistance. Given her age and low income, Marcelina is not able to apply for a credit with other institutions. She is asking for this credit to buy materials needed to complete the house by installing windows, door and replace the dirt floor with cement. Marcelina will receive technical assistance and supervision visits by expert architects to make sure the construction work is not only finished, but also built for lasting quality. Marcelina is excited to see her house improvements completed; she has been investing for some years trying to complete it so she can live more comfortably. Now, with guidance and help, she'll be able to do so.
Previous Loan DetailsMarcelina has worked in the field for as long as she can remember. Being a single mom always gave her more responsibilities and more energy, she believes, to endure the hardships of labor. Marcelina lives now with her two youngest children. Although she gets a pension because of her age, she… More from Marcelina's previous loan »
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Ecoblock is a social housing production company that delivers affordable homes and home improvements to communities through a program called Echale a tu Casa. Echale sells technical assistance for self-organized and self-production housing in rural and urban communities. Ecoblock focuses on the poorest socioeconomic strata in Mexico (levels C, D & E). They place a particular emphasis on areas where families do not have access to any microfinance institutions.
About EchaleEcoblock International (“Ecoblock”) is a social housing company dedicated to providing marginalized communities in Mexico with opportunities to significantly improve their housing conditions. Founded in 1997, it started a program called Échale a Tu Casa that develops affordable housing solutions for underserved communities through innovations in construction, technology and finance. Focusing its efforts on urban and rural areas where families have little or no access to microcredit, the program has supported 30,000 families to construct new homes, and has delivered home improvement assistance to an additional 150,000 families.
Ecoblock joined Kiva through our Experimental Partnership Program, and has therefore received a lighter level of due diligence. Accordingly, loans associated with this partner carry a higher level of risk than typical Kiva loans.
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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