Update on Edita DioselinaThe "Virgen Del Mar" communal bank meets every two weeks in the beautiful seaside resort of San Mateo in the city of Manta. It is known for its lovely beaches, which are very popular year-round with tourists from around the country and abroad. Here the majority of the inhabitants fish, and make their living from the sea.
This is where we met Edita. She is 48, married, and has two children, who are already adults; both still live in her home. Her husband is a fisherman.
She has a grocery store in her home, and there she sells products such as rice, sugar, cooking oils, dishwashing liquid and other items. She works every day from 6:00am to 9:00pm, and sometimes later. There she also sells delicious ice cream that she prepares and that her customers love. She has been in this business for more than five years, and tells us that since she started receiving the loans, it has been easier for her to supply her store.
She is taking out another loan, and tells us that thanks to her earnings in this loan cycle she is buying some tables and chairs so that when tourists come to her place, they can consume their ice cream and drinks that she sells in her store. She has done very well with respect to the payments, as she has fulfilled all her obligations, and so has no problem with the new loan that she is about to receive.
She is going to use this loan to further supply her store. She is going to buy rice, sugar, cooking oil, dishwashing liquid, and other products. She has been with the communal bank for four loan cycles, and likes it because of the help the bank gives her.
Her dream is to keep progressing, and enjoy good health.
En este lugar conocimos a la señora Edita, tiene 48 años de edad, está casada y de esta relación tienen dos hijos los mismos que ya son mayores de edad, ambos aun viven en su casa. Su esposo se dedica a la pesca.
Ella tiene una tienda de comestibles en su casa, allí vende productos como arroz, azúcar, aceites, detergentes, entre otras cosas, trabaja todos los días desde las 6h00 hasta las 21h00 y a veces hasta más tarde, allí también vende deliciosos helados que ella prepara y que son de mucho agrado de sus clientes, lleva en este negocio por más de 5 años y nos comenta que desde que está recibiendo los créditos se le ha hecho más fácil poder surtir su local.
Ella está repitiendo el crédito, nos cuenta que gracias a las ganancias obtenidas en este ciclo está comprando unas sillas y mesas para que cuando lleguen los turistas hasta el lugar puedan consumir sus helados y bebidas que vende en su local, en cuanto a los pagos ella ha estado muy bien ya que es muy cumplida con sus obligaciones y así no tiene problemas para el nuevo crédito que esta por recibir. Este crédito lo va a emplear en surtir mas su tienda, va a comprar arroz, azúcar, aceite, detergentes, entre otros productos. Lleva cuatro ciclos en el Banco Comunal y le gusta por la ayuda que le da el banco.
Sus sueños es seguir adelante y gozar de buena salud.
Previous Loan DetailsVirgen Del Mar communal bank gathers every 15 days in the beautiful beach resort of San Mateo in Manta city, that is famous for its beautiful beachs that are visited by national and international tourists during all four seasons. There, most of the population makes a living fishing and conduct... More from Edita Dioselina'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
- 6 months (Additional Information)
- Repayment Schedule
- Mar 28, 2012
- Apr 18, 2012
- Currency Exchange Loss:
- Aug 15, 2012
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.