Update on Norma MaricelaNorma is 27-years old. She is married and lives with her husband and children, who are 1- and 2- years old respectively. She lives in Ventanas Canton, de los Ríos Province.
The "La Paulina" communal bank is located in Puerto Pechiche Parrish, La Paulina Precinct, which is a part of Pueblo Viejo Canton. The members of the communal bank make their livings in agricultural and ranching work.
Norma makes her living in agriculture. She has planted corn and rice for a few years. She purchases her supplies in Ventanas at Dr. Agro, and she sells her products in the market there.
Norma is requesting the loan to purchase seeds, urea, compost, insecticide and seeds.
The loan has helped her to change her family's standard of living. Norma's dream is to have some land to build a house on.
Norma lives to travel with her family and watch television.
La ventanilla se llama LA PAULINA se encuentra ubicada en el parroquia Puerto Pechiche recinto La Paulina, pertenece al cantón Pueblo Viejo esta ventanilla se dedica a labores agrícolas y pecuarias.
Norma se dedica a la agricultura a la siembra de maíz y arroz desde hace algunos años. Compra sus productos en Ventanas en el Dr. Agro y las vende en el mercado del mismo lugar.
Solicita el crédito para comprar semillas, urea, abonos, insecticidas y semillas.
El préstamo le ayudado para cambiar el estilo de vida de la familia. Su sueño es tener un terrero para construir una casa.
Le gusta viajar con su familia y ver television.
Previous Loan DetailsNorma is 26 years old and lives with her husband in a common-law marriage and with her children who are 1 and 2 years old. She lives in the Ventanas canton in the province of Los Ríos. Her communal bank, La Paulina, is located in the Puerto Pechiche parish in the La Paulina district, which… More from Norma Maricela's previous loan »
About Cooperativa San JoseThis loan is administered by Cooperativa San Jose, a 45,000-member credit union located high in the Andes Mountains of Ecuador’s poorest province, Bolivar. They offer a unique loan called “Ventanillas Rurales” [Window to the Countryside], which uses a group guarantee but is an individual loan with a savings component, mostly to rural borrowers. Due to low savings rates and a history of macroeconomic instability, many traditional loans in Ecuador demand interest rates that are prohibitively high for some borrowers. There is also a high incidence of extortionist black-market lending in Ecuador. CSJ helps mitigate these problems by providing a less onerous and more appropriate option. Join CSJ’s Lending Team!
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
- Repayment Term
- 9 months (Additional Information)
- Repayment Schedule
- At end of term
- Jun 26, 2014
- Jul 21, 2014
- Currency Exchange Loss:
- Feb 25, 2015
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.