Update on Maria OrfeliaMaría lives in Santo de los Tsachilas, a very busy commercial city that is located in a hot and humid area of Ecuador. The city has grown a lot in the last few years because it is the bridge between the coast and the sierra.
María has two children who study in the public school near her house. Nine years ago, María decided to start her own business because she needed to and because she wanted to overcome obstacles. She buys live pigs and sells their meat in a small stall located on one of the city's main streets. She tends to her business four days a week: Wednesdays, Fridays, Saturdays and Sundays from 7 am to 1 pm.
María is currently asking for a loan to buy more pigs to sell the meat; she came to the institution for this. María learned about Fundación Alternativa through her neighbors, who recommended the institution to her for the services it offers. María feels very grateful because she's already gotten loans with Fundación Alternativa and Kiva, which have helped her improve her quality of life a lot because she was able to improve her sales and improve her home with these loans.
Previous Loan DetailsMaría is 40 years old, she lives in Santo Domingo de los Tsachilas, a very commercial city found in a hot and humid area of Ecuador. It is a city which has grown a lot over the last few years because it is the bridge between the coastal regions and the mountain. María has two children, a 13-y... More from Maria Orfelia's previous loan »
About Fundación AlternativaFundación Alternativa encourages entrepreneurship and provides sustainable financial and non-financial services that promote social and economic development in Ecuador. The organization focuses on serving poor and excluded populations through analysis of clients' living conditions and by providing business training and other support services in urban, rural and marginalized parts of the country.
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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