Update on Luz MarianaLuz is a member of the Corazón de María community bank, which is located in the parrish of Valle, an area known for its beautiful landscapes. The people work raising animals, as farmers, and in business. Many work in the city of Cuenca doing various jobs. They have warm hearts and maintain the culture and traditions of their towns.
Luz is 47 years old, married, and her husband works constructing ceilings. Working together, they have their own home.
Luz tells us that she is in treatment for an infection, but her family is very healthy. She works making stucco ceilings along with her husband. She started in this work since her husband knew the art. They have had their business for eight years and it is going very well. There are difficulties, including many times when they have few materials, since this does not allow them to finish their work on time.
She will invest her new loan in the purchase of plaster, reeds, and other materials. She had no problems meeting the deadline on her last loan. She likes her community bank for the camaraderie, and the loans allow them to cover the costs of their business so they can continue growing.
Her goal is to increase the size of their workshop.
Doña Luz tiene 47 años, es casada y su esposo labora fabricando cielos rasos, con el trabajo conyugal han realizado su casa propia.
Doña Luz nos comenta que se encuentra en un tratamiento por una infección pero su familia se encuentra muy bien en la salud. Ella se dedica a la elaboración de estucos (cielos rasos), labora conjuntamente con su esposo iniciándose en este trabajo ya que su esposo sabia del arte, llevan 8 años en el negocio y les va bien, pero hay dificultades ya que hay muchas veces que el materia se encuentra escaso y eso no les permite culminar sus obras a tiempo.
Su nuevo crédito lo va a invertir en la compra de yeso, carrizo y otros materiales, en el pago de su crédito anterior no tuvo ninguna dificultad en cancelar a la fecha. El banco comunal le gusta por el compañerismo y los créditos les permiten solventar los gastos de su negocio para seguir creciendo.
Su meta es engrandar su taller.
Previous Loan DetailsLuz is a member of the communal bank Corazon de Maria. She lives in the Parish Del Valle (Cuenca). This is an area that is surrounded by mountains that give us beautiful scenery. The people are dedicated to commerce, livestock farming, and agriculture. Many work in the city in various types of wo... More from Luz Mariana'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
- Mar 27, 2012
- Apr 22, 2012
- Currency Exchange Loss:
- Oct 15, 2012
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.