María De Lourdes
Update on María De LourdesIn the Calderón parish in Portoviejo city, the members of the Grupo De Crédito Desarrollo Femenino [Women’s Development Credit Group] meet every 15 days. This area is known for its delicious cuisine and its vegetation, the majority of the inhabitants make a living in agriculture and general trade.
Señora María lives in this area. She is 36 years old and she is in a common law marriage. She and her husband have three children who are 14, 11 and 3 years old. The older two are in high school and grade school. Her husband works as a mason.
Doña María is a homemaker. In order to earn her own income, she works in catalog sales of Leonisa brand clothing, as well as Avon products (beauty products, cosmetics, perfumes, and accessories for women). She works four days per week, for some hours in the morning or whenever she can. She delivers her products on credit and collects payments every 8 or 15 days. She has made a living for six years this way. With her income she helps giver her children a good education, which her husband does not make enough to do.
This loan is to buy perfumes lotions, cosmetics and undergarments. She has been in the Credit Group for five years and she likes it because the loans help her a lot with her business. Her dream is to have a boutique.
En este lugar vive la señora María, tiene 36 años de edad y mantiene una relación de unión libre de la cual tiene tres hijos de 14, 11 y 3 años, los mayores estudian en colegio y escuela. El marido es albañil.
Doña María es una ama de casa que para obtener sus propios recursos se dedica a la venta de ropa por catalogo de la marca Leonisa y productos de Avon (productos de belleza, cosméticos, perfumería y accesorios para damas). Trabaja cuatro días a la semana ya sea en horas de la mañana o cuando puede, deja sus productos a crédito y cobra cada 8 o 15 días. Tiene 6 años que se dedica a esta actividad con la cual se ayuda para darles una buena educación a sus pequeños ya que a su marido no le alcanza para esto.
Este crédito es para comprar perfumes, cremas, cosméticos y ropa interior. Lleva 5 años en el Grupo De Crédito y le gusta porque los créditos le ayudan mucho para su negocio. Sus sueños son tener una boutique.
Previous Loan DetailsIn the Caldeón parish of the city of Portoviejo, every two weeks the members of the Banco Comunal Desarrollo Femenino [Women’s Development Communal Bank] gather. This area is known for its delicious food and its vegetation. The majority of people who live there work in agriculture and general tr... More from María De Lourdes'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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Success!! The loan was 100% repaid