Update on Gilma GuadalupeIn a town called Tierras Amarillas in the canton of Rocafuerte, the members of the credit group Mejorando El Futuro [Improving the Future] meet every fifteen days. This area is known for its agriculture since most of the inhabitants are involved in farming short-cycle crops.
Here lives Gilma, 54. She's married and has three grown children who are independent. Her husband works in agriculture.
Gilma is taking a loan for her husband's work in agriculture, planting rice and vegetables all year round on irrigated land with three crop rotations. It takes a year for their crops to grow. This is the way that she and her move forward. They pay two or three people who are paid for their work which makes them a source of income for these families.
She is repeating her loan because she needs to plant some new plots. As always, her remaining income will be reinvested in their crops for the food and livelihood for their family. She will use this loan to buy seeds and fertilizers to grow rice and vegetables. This is her fourth loan cycle in the credit group. Her dream is to have a good harvest.
En este lugar vive la señora Gilma, tiene 54 años de edad, está casada y de esta relación tienen 3 hijos mayores de edad e independientes. Su esposo se dedica a la agricultura.
Doña Gilma realiza el crédito para su esposo el mismo que se dedica a la agricultura, el siembra arroz y verduras en toda época del año ya que cuenta terrenos con riego, son tres cosechas de estos productos que realiza al año y de esta forma ellos logran salir adelante, con su marido trabajan dos o tres personas a quienes les paga por su trabajo lo cual los convierte en fuente de ingresos para estas familias.
Ella está repitiendo el crédito ya que actualmente necesitan sembrar unas parcelas nuevas, como siempre los que le quedan de ingresos ellos los vuelven a invertir en sus cultivos y para la alimentación y sustento diario de su familia. Este crédito lo va emplear en comprar semillas y fertilizantes para sembrar arroz y verduras. Este es su cuarto ciclo en el Grupo de Crédito. Sus sueños es tener una muy buena cosecha.
Previous Loan DetailsIn a community called Tierras Amarillas of the Rocafuerte canton, the credit group Mejorando El Futuro meets every two weeks. This area is known for its agriculture, because a big parts of its residents grow short cycle crops. This is where Gilma lives. She is 54 years old. She is married and… More from Gilma Guadalupe'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.
15View loans »
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.