Update on Luz MaríaDoña Luz, from León, is a retailer who is happy, dynamic, and is preparing herself for the Christmas season. We meet Luz getting her convenience store ready for the day's sales.
The changes that she has experienced through her Kiva loan have been very positive for her life and her business. She has been able to accomplish one of her objectives by stocking up her convenience store and investing in the purchase of new clothing for resale. Her sales have improved, as she was able to invest in a variety of products which were much needed by her influx of customers. Her sales have become more steady and her income has improved, even in spite of the increase in prices which she is constantly facing. However, even as the business has been going well, she can see other good changes.
She is requesting a second loan to invest in clothing, as the December holidays are approaching when her sales increase significantly. She also wants to offer a variety of products for sale in her convenience store: foods to prepare for Christmas dinner, piñatas for the children. Little by little, she wants to be able to introduce items that her competition don't sell.
She is holding firm to her goals such as prospering and growing her business, fixing up her home, and changing her family's standard of living so that they can live in a dignified and honorable way.
Previous Loan DetailsMrs. Luz, 43, is originally from Larreynaga, a county in Malpaisillo, in the municipality of León. For 20 years she has lived in the city of León. She is married, the mother of three children and is the owner of a grocery store. She started up her business 20 years ago with a little capital that… More from Luz María'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