Update on María IsoldaIn the resort area, San Clemente, in Sucre canton, the “1st of December” Communal Bank meets every 2 weeks. The location is known for its beautiful beaches so often visited by many national and foreign tourists. San Clemente offers diverse beautiful spots and rich and varied local and regional dishes.
Maria, who lives here, is 53 years old, married, and the fruit of this union is 4 children, all of whom are now adult and independent. Her husband no longer works due to poor health.
Maria, upon seeing that her husband could no longer work, used the savings she had to open a small general store in her own home. She and her husband attend it every day, though they recognize that the days when they sell the most are the weekends, days when many tourists arrive to this beautiful resort area. Here they sell a little of everything, from clothing and shoes to ice cream, sodas, ice, and many other products that her customers need. The business is now 5 years old and it is now the only source of income they have for getting ahead.
Maria is again requesting a loan from Kiva because these loans help her greatly. With the earnings from this loan cycle, she can purchase a glass case that will serve to exhibit her merchandise, facilitating sales, since customers from outside her house will see what they like and enter to buy.
Concerning repayment, she has always been reliable. This loan will be used to restock the general store, purchasing clothing, shoes, wallets, etc. Maria has been a member of her communal bank for more than 14 years and she likes it for the benefits the institution offers. Maria's goals are to continue ahead in her business and to enjoy good health.
En este lugar vive la señora María, tiene 53 años de edad, está casada y fruto de esta relación tienen cuatro hijos los mismos que ya son mayores de edad e independientes. Su esposo ya no trabaja por motivos de su salud.
Doña María al ver que ya su esposo no podía trabajar con los ahorros que tenían puso un pequeño bazar el mismo que lo tiene en su casa y en el cual junto a su esposo atienden, allí trabajan todos los días aunque reconoce que los días que más vende son los fines de semana días en los cuales llegan muchos turistas hasta este hermoso balneario. Allí vende de todo un poco desde ropa, zapatos, hasta helados, sodas, hielo y muchos otros productos que sus clientes necesitan. Lleva 5 años con su negocio y es ahora la única fuente de ingresos que tienen para salir adelante.
Ella está repitiendo el crédito con Kiva y esto es porque los créditos le ayudan mucho, con las ganancias obtenidas en este ciclo ella pudo comprar una vitrina la misma que le sirve para exhibir su mercadería, esto le facilita sus ventas ya que los clientes desde afuera de su casa ven lo que les gusta y entran a comprar, en cuanto a los pagos siempre fue cumplida. Este crédito lo va a emplear en surtir mas su bazar va a comprar ropa, zapatos, carteras, etc. Está en el Banco Comunal hace más de 14 años y le gusta por los beneficios que brinda la institución.
Sus metas son seguir adelante en su negocio y tener buena salud.
Previous Loan DetailsIn the seaside resort town of San Clemente in the canton of Sucre, the "1 de Diciembre" communal bank meets every fifteen days. This place is known for its beautiful beaches, which are very popular with many domestic and international tourists. It offers a diversity of beautiful spots and a rich ... More from María Isolda'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
- Dec 14, 2012
- Jan 5, 2013
- Currency Exchange Loss:
- May 17, 2013
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.