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50%

funded

Only 21 hours left!

$650.00 to go

Total loan: $1,300

Clara Maria

Pajan, Ecuador / General Store

A loan of $1,300 helps to stock her store with rice, milk, oil, etc.

Clara Maria's story

Clara Maria, age 57, is single and lives in Pajan, a place of people dedicated to the countryside and the sale of their products. It has been very affected by the Covid-19 health emergency.

She is a hardworking woman who, facing the current crisis, makes efforts to get ahead. Thanks to her store, she manages this. She sells a great variety of provisions and, despite fear of illness, runs her business using the best methods to protect herself and her clients.

This loan is to stock her store with rice, milk, oil, etc. Her aspirations are to improve her business and to get ahead.

Translated from Spanish by Kiva volunteer joann stephan. View original language description.

Clara Maria tiene 57 años de edad, esta soltera y vive en Pajan, lugar de gente dedicados al campo y la venta de sus productos que también ha sido muy afectado por la emergencia sanitaria provocada por el Covid 19.

Ella es una mujer trabajadora que ante la terrible crisis que estamos viviendo en la actualidad saca fuerzas para salir adelante y es gracias a una tienda de víveres que tiene que logra esto, allí vende gran variedad de víveres y a pesar del temor a enfermar atiende su negocio siempre con las mejores medidas de seguridad para así protegerse ella y a sus clientes. Este crédito es para surtir su tienda como arroz. leche, aceite, etc. Sus aspiraciones son mejorar su negocio y seguir adelante.

This loan is special because:

It helps borrowers withstand negative economic impacts of the COVID-19 pandemic.

Patrick Flynn, Kiva staff

Patrick Flynn
Kiva staff

More about this loan

Loan details

Loan length:

8 months

Repayment schedule: Monthly

Disbursed date: November 27, 2020

Funding model: Flexible

Partner covers currency loss? N/A

Facilitated by Field Partner: Fundación ESPOIR

Is borrower paying interest? Yes

Field Partner risk rating:

Lenders and lending teams

Country: Ecuador

Field Partner: Fundación ESPOIR

Why Kiva works with this partner:

ESPOIR uses the village banking method to offer credit and education services to poor and marginalized women in urban and peri-urban areas of Ecuador with elevated poverty levels. The vast majority of its clients did not have access to credit prior to their first ESPOIR loan, and the institution works with clients to help them eventually “graduate” from small group loans to larger individual loans. Kiva funding enables ESPOIR to keep its cost of capital down, creating benefits that can be passed on to clients. For example, one ESPOIR branch office has an on-site health clinic that offers clients and their families unlimited access to medical tests, pre- and post-natal care, birth control counseling, and many other treatments for common ailments for just 75 cents a month per family. Since this service is not profitable for ESPOIR to operate, it would be more expensive to maintain without Kiva funding.

Time on Kiva: 139 months

Kiva borrowers: 41,614

Total loans: $33,847,150

Average cost to borrower: 29% PY

Profitability (return on assets): 3.5%

Average loan size (% of per capita income): 14.00%

Delinquency rate: 1.77%

Loans at risk rate: 2.91%

Default rate: 0.10%

Currency exchange loss rate: 0.00%

More about Fundación ESPOIR

What is a Field Partner?

Comments and updates (0)

Repayment schedule

Show advanced

	Expected	Actual
Mar 2021	$139.12	Available Mar 1
Apr 2021	$282.15	Available Apr 1
May 2021	$287.46	Available May 1
Jun 2021	$441.37	Available Jun 1
Jul 2021	$149.90	Available Jul 1

	Expected	Amount	Actual
Mar 2021
From borrower to Field Partner	Jan 21, 2021	$139.12
From Field Partner to lenders	Mar 2021	$139.12	Available Mar 1
Apr 2021
From borrower to Field Partner	Feb 4, 2021	$140.42
	Feb 18, 2021	$141.73
From Field Partner to lenders	Apr 2021	$282.15	Available Apr 1
May 2021
From borrower to Field Partner	Mar 4, 2021	$143.06
	Mar 18, 2021	$144.40
From Field Partner to lenders	May 2021	$287.46	Available May 1
Jun 2021
From borrower to Field Partner	Apr 1, 2021	$145.75
	Apr 15, 2021	$147.12
	Apr 29, 2021	$148.50
From Field Partner to lenders	Jun 2021	$441.37	Available Jun 1
Jul 2021
From borrower to Field Partner	May 13, 2021	$149.90
From Field Partner to lenders	Jul 2021	$149.90	Available Jul 1

*This loan is impacted by the COVID-19 crisis and your support is needed more than ever. Repayments may be delayed or lower than expected.

Loan details

Loan length:

8 months

Repayment schedule: Monthly

Disbursed date: November 27, 2020

Funding model: Flexible

Partner covers currency loss? N/A

Facilitated by Field Partner: Fundación ESPOIR

Is borrower paying interest? Yes

Field Partner risk rating:

Field Partner: Fundación ESPOIR

Why Kiva works with this partner:

Time on Kiva: 139 months

Kiva borrowers: 41,614

Total loans: $33,847,150

Average cost to borrower: 29% PY

Profitability (return on assets): 3.5%

Average loan size (% of per capita income): 14.00%

Delinquency rate: 1.77%

Loans at risk rate: 2.91%

Default rate: 0.10%

Currency exchange loss rate: 0.00%

More about Fundación ESPOIR

What is a Field Partner?

Repayment schedule

Show advanced

	Expected	Actual
Mar 2021	$139.12	Available Mar 1
Apr 2021	$282.15	Available Apr 1
May 2021	$287.46	Available May 1
Jun 2021	$441.37	Available Jun 1
Jul 2021	$149.90	Available Jul 1

	Expected	Amount	Actual
Mar 2021
From borrower to Field Partner	Jan 21, 2021	$139.12
From Field Partner to lenders	Mar 2021	$139.12	Available Mar 1
Apr 2021
From borrower to Field Partner	Feb 4, 2021	$140.42
	Feb 18, 2021	$141.73
From Field Partner to lenders	Apr 2021	$282.15	Available Apr 1
May 2021
From borrower to Field Partner	Mar 4, 2021	$143.06
	Mar 18, 2021	$144.40
From Field Partner to lenders	May 2021	$287.46	Available May 1
Jun 2021
From borrower to Field Partner	Apr 1, 2021	$145.75
	Apr 15, 2021	$147.12
	Apr 29, 2021	$148.50
From Field Partner to lenders	Jun 2021	$441.37	Available Jun 1
Jul 2021
From borrower to Field Partner	May 13, 2021	$149.90
From Field Partner to lenders	Jul 2021	$149.90	Available Jul 1

*This loan is impacted by the COVID-19 crisis and your support is needed more than ever. Repayments may be delayed or lower than expected.

50%

Clara Maria

A loan of $1,300 helps to stock her store with rice, milk, oil, etc.

Clara Maria's story

Previous loan details

This loan is special because:

More about this loan

Loan details

Loan length:

Lenders and lending teams

Country: Ecuador

Field Partner: Fundación ESPOIR

Comments and updates (0)

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Repayment schedule

Loan details

Loan length:

Field Partner: Fundación ESPOIR

Repayment schedule