Update on Jenny ElizabethIn a town called Tierra Amarillas in the Rocafuerte canton, the members of the "Mejorando El Futuro" loan group meets every fortnight. This area of Ecuador is known for its farming work, as many here work growing short cycle crops.
And it is here that 26-year-old Jenny lives. She is married and has two children who are eleven and six years old respectively. They attend the local school while Jenny's husband is a businessman.
Jenny is a very plucky woman who likes to earn her own living through her work, and to use it to help her husband with household costs. Jenny works producing and selling delicious sweets. The sweets sell well as many shop-owners come to her home to buy the sweets to take away and sell in different parts of the province. With this work, Jenny earns her own income to help her children to get ahead in life.
Jenny is taking out another loan as it will help her to make a profit and, with these profits, she can buy necessary items for her children. Jenny has used her profits before to buy necessary items for her children's education. Jenny will use this loan to buy sugar, flour and other items for preparing sweets. Jenny has been with the loan group since its creation and she likes it because of the benefits of working with the organisation. Jenny's dreams are to give her children the best life possible.
En este lugar vive la señora Jenny, tiene 26 años de edad y mantiene una relación de unión libre de la cual tiene dos hijos de 11 y 6 años que estudian en escuela. El marido es comerciante.
Doña Jenny es una mujer muy luchadora que le gusta ganar lo propio con su trabajo y con esto ayudarle a su marido con los gastos del hogar, ella se dedica a la fabricación y venta de dulces que son deliciosos y tienen mucha salida y que son muchos los comerciantes que llegan hasta su hogar a cómprale para luego llevarlos a vender a diferentes lugares de la provincia, así ella se gana sus propios ingresos para sacar adelante a sus hijos.
Ella está repitiendo el crédito ya que es su forma de salir adelante y con esto poder comprar ciertas cosas necesarias para sus hijos, con sus ganancias compro cosas que necesitaban sus hijos para sus estudios. Este crédito lo va utilizar en comprar azúcar, harina y otros ingredientes para la preparación de los dulces. Está desde el inicio en el Grupo de Crédito y le gusta por los beneficios que recibe de la institución. Sus sueños son darles lo mejor a sus hijos.
Previous Loan DetailsIn a community called Tierras Amarillas of the Rocafuerte canton, the members of the credit group Mejorando El Futuro meet every two weeks. This sector is known for its agriculture because a big part of its inhabitants work in short cycle agriculture. This is where Jenny lives. She is 26 and... More from Jenny Elizabeth'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
- Repayment Term
- 7 months (Additional Information)
- Repayment Schedule
- Jul 18, 2014
- Aug 19, 2014
- Currency Exchange Loss:
- Jan 17, 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.