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Luz María

Update on Luz María

Doña 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.
View original language description ↓
Doña Luz, originaria de León, de oficio comerciante alegre, dinámica y preparándose para la época navideña encontramos a Luz, acomodando su pulpería para las ventas del día. El cambio que ha vivido atravez del préstamo Kiva ha sido muy positivo para su vida y negocio pues logro uno de sus objetivos surtir su pulpería e invertir en compra de ropa nueva para vender las ventas han ido mejorando pues comprobó que al invertir en variedad de productos de mucha necesidad la afluencia de clientes es mas continua y los ingresos mejora a pesar del alza de los precios que se sufre constantemente pero aun ha si el negocio se administra bien se puede ver buenos cambios. Ella esta requiriendo un segundo crédito para invertir en ropa ya que se aproxima las fiestas de Diciembre donde las venta se elevan bastante además de ofrecer variedad de productos en pulpería comestibles para preparar la cena navideña, vender piñatas para los niños pues quiere introducir poco a poco artículos que la competencia no ofrece. Pues tiene bien firmes sus metas como son prosperara y crecer su negocio, reparar su casa y cambiar el nivel de vida a su familia para vivir de manera digna y honrada.

Previous Loan Details

Mrs. 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 th... More from Luz María's previous loan »

Additional Information

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.

About Nicaragua

  • $3,636
    Average annual income
  • 93
    View loans »
    Nicaragua Loans Fundraising
  • $24,396,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Luz María to invest in clothing for sale as the December holidays are approaching, and buy products for her convenience store such as foods to prepare for Christmas dinner and piñatas for the children.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 23, 2011
Listed
Dec 2, 2011
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012