Update on María RossanaThe Las Piedras community bank meets twice a month in the Picoaza neighborhood of Portaviejo, a city known for its happy people, its traditional culture and its Festival of St. Peter and St. Paul.
Our member, Sra. Maria, 33, lives with her husband. They have three children, 12-, 7- and 3-years old, respectively. The two oldest children are now in school. Her husband drives a taxi for a living.
Sra. Maria operates a clothing and cosmetics sales business to help her husband with household expenses and runs the family home. She stocks her business with products--clothing, Avon and Yanbal cosmetics--that she orders from catalogs and sells them from door to door. She works two or three hours a day, three days a week. She works in the mornings mostly because that's when her two oldest children are in school. She takes her youngest child along on her calls because she doesn't have anyone to leave him (or her) with, but she's never given up. She sells on credit and collects from her customers every eight days. She has operated the business for a year and says that she is happy with her progress.
Sra. Maria is applying for a new loan because the last one, she says, was very helpful to her business. She adds that her business earnings covered the costs of much needed medical care for one of her children and that he (or she) is much better now. She will use this loan to stock her retail business with clothing, cosmetics, etc. She started the community bank and says that loans have been very important for her business.
For the future, she wants to open her own store.
En este lugar vive la señora María, tiene 33 años de edad, está casada y de esta relación tienen tres hijos de 12, 7 y 3 años de edad, los dos mayores estudian en colegio y escuela. Su esposo es chofer.
Ella es una ama de casa que para obtener sus propios recursos y con esto poder ayudar a su esposo con los gastos del hogar se dedica a la venta de ropa por catalogo y productos de Avon y Yanbal (productos de belleza, cosméticos, perfumería y accesorios para damas). Su forma de venta es puerta a puerta, trabaja tres días a la semana de dos a tres horas al dia y sobre todo en las mañanas cuando sus hijos están en la escuela, ella solo le tiene que llevar al más pequeño ya que no tiene con quien dejarlo pero esto no le impide realizar sus recorridos, deja sus productos a crédito y cobra cada ocho días. Tiene un año que se dedica a esta actividad y le va muy bien.
Está repitiendo el crédito ya que con el crédito anterior le fue muy bien y gracias a las ganancias que le dejo su negocio pudo comprar ciertas cosas que necesitaban sus hijos para sus estudios, y como uno de sus hijos enfermo tuvo que ocupar sus ganancias en medicina y médicos, pero está contenta ya que gracias a esto su hijo ha mejorado rápido. Este crédito es para comprar perfumes, cremas, cosméticos y ropa por catalogo ya que tiene varios pedidos por entregar. Es fundadora del banco Comunal y le gusta porque los créditos son muy importantes en su negocio.
Su sueño es tener una boutique.
Previous Loan DetailsIn an area known as Las Piedras of Picoaza parish in the city of Portoviejo--known for its traditional culture, the happiness of its people, and its San Pedro and San Pablo festivals--the members of the communal bank Las Piedras gather every two weeks. Here we meet María, who is 33 years old a... More from María Rossana'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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