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Lorena
View original language description ↓
Lorena R. is married and has a ten year-old son. Her story begins 16 years ago, when she began, along with a brother-in-law, to use clearance sales. Lorena and her brother-in-law began purchasing paintings from Ciudad Juárez, Chihuahua, Mexico, in order to make and sell frames. At that time Lorena’s husband was working for a trucking company that subsequently closed. He became unemployed, and they thus had to look for another way to pay for family expenses. They decided to open a business selling frames and mirrors.


Lorena needs to expand her business but she does not have the necessary capital. She is looking for a loan of $475 US that will be repaid in 6 months.

Translated from Spanish by Debra Faszer-McMahon, Kiva Volunteer.


Lorena R. es casada y tiene un hijo de 10 años su historia inicia hace 16 años, empezó con un cuñado utilizando la liquidación, de este empezaron trayendo pinturas de Cd. Juárez, Chihuahua, para hacer y vender marcos. En ese entonces su esposo trabajaba en una línea de camiones la cual cerraron originando que lo desocuparan, fue así que tuvieron que buscar la manera de costear los gastos familiares y decidieron abrir un negocio de venta de marcos y espejos.



Ante la necesidad de ampliar el negocio pero no contando con el capital suficiente es que buscan un apoyo económico por US $475 que liquidaran en 6 meses.

About Mexico

  • $11,249
    Average annual income
  • 5
    View loans »
    Mexico Loans Fundraising
  • $17,358,450
    Funds lent in using Kiva
  • 10.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Lorena to remodel the business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 28, 2008
Listed
Mar 12, 2008
Currency Exchange Loss:
Covered
Ended:
Sep 29, 2008