Update on LourdesLourdes lives in a community where the people speak the language Mazahua. She is 36 years old. She is in a common law marriage with Carlos. Together they have formed a family with their four children who go to school.
Previously, Lourdes was in a large group. This time, she has asked for an individual loan to invest in her business selling live and butchered chickens, as they have an order too big and she believes she can’t cover the expenses, so she says with the loan she will buy more chickens and also some sweets to sell in her chicken business.
She also has a grocery store but also makes food for the teachers who are giving classes in the community. She doesn’t know the amount because she buys little by little.
Lourdes has been in the business seven years buying live chickens at a low price and later selling them from home at a higher price and almost always she has many orders from home or in the nearby communities.
She says that she began her business because she wanted to help her husband with the household expenses in order to improve the quality of life for her and her family. However, the biggest difficulty that Lourdes faces is when there is no activity, and almost no sales, and even worse when she has many chickens not sold, but this does not discourage her as she knows that if not sold today, tomorrow will be better.
One of Lourdes goals is to improve the quality of life for her and her family and more than anything to improve the education of her children who she wants to finish school in order to have a better life. She is very happy and grateful for the loan as with her earnings she can buy shoes, food, and clothing for the children.
Previous Loan DetailsLourdes tells us that she is 36 years old and right now she is in a common law marriage with Carlos. Together they have formed a family with their four children who are in school. Previously, Lourdes was in a large group. This time, she has asked for an individual loan to invest in her business… More from Lourdes'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