Update on María GracielaMaría has been a member of the communal bank "10 de Agosto" for some time. She lives in Santa Ana parish in Cuenca, an area known for lush vegetation, green fields, and agricultural products. From the city center, one can see most of Cuenca. Its architecture is a mix of modern and classical styles, and its friendly, polite residents preserve their culture and traditions.
María does the housework, farms, and raises livestock. She learned her trades from her parents, and this legacy lets her pay household expenses while taking care of her family. She used the previous loan to buy cattle, and she will use this loan to buy a milk cow. She likes her communal bank's unity and the camaraderie of its members.
La Señora María se dedica a los quehaceres domésticos de su hogar, también a la agricultura y crianza de animales, estas actividades las aprendió de sus padres quienes le dejaron esta herencia y ahora es un trabajo que le permite solventar los gastos de su hogar y a su vez no descuidarse de su familia.
El dinero de su crédito anterior invirtió en la compra de ganado y su nuevo crédito lo va a invertir en la compra de una vaca lechera. Su grupo de crédito le gusta por la unión y compañerismo de todas las socias.
Previous Loan DetailsMaría is taking out her second loan with "10 de Agosto" communal bank. She lives in the Santa Ana parish of Cuenca; a place which thanks to its geographic location has many places where you can enjoy nature. From the parish centre, you can admire the city of Cuenca. It's people are warm-hearted, ... More from María Graciela'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
- 8 months (Additional Information)
- Repayment Schedule
- Aug 16, 2013
- Sep 6, 2013
- Currency Exchange Loss:
- Mar 17, 2014
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.