Update on Libia MercedesLibia is a very cheerful and kind member of the "Nuevos Horizontes" [New Horizons] communal bank. She lives in the city of Cuenca. This city is bathed by four rivers. Its architecture is a mixture of colonial and modern, and its people are kind, courteous, and warm-hearted, while still conserving the culture and traditions of their people.
Libia is 63 years old. She is married, and she and her husband have five children, of whom four are married and live independently. One unmarried daughter works and helps out economically. Her husband works in an auto body shop. They don't have their own house, so they rent.
Libia is a saleswoman, and she earns her living selling a large variety of clothing and other articles. This business has allowed her to cover her household costs and improve her economic situation. She travels to different parts of the country to get her merchandise.
She invested her previous loan in the purchase of merchandise. She will invest her new loan, like the old one, in the purchase of clothing so that she will have a greater variety for her customers. She has made her previous loan payments on time. She likes her communal bank because of the camaraderie she enjoys with all the members.
La Señora. Libia tiene 63 años, es casada y en su unión conyugal ha concebido 5 hijos de los que 4 están casados y viven independientes, una hija soltera trabaja y le ayuda económicamente. Su esposo labora en un taller de latonería (enderezar latas de vehículos), no tiene casa propia por lo que vive arrendando.
Doña Libia es comerciante y se dedica a la venta de una gran variedad de ropa y otros artículos, esta actividad le ha permitido solventar los gastos de su hogar y mejorar su economía, viaja a diferentes partes del país a traer su mercadería.
Su crédito anterior lo ha invertido comprando mercadería y su nuevo crédito al igual que el anterior lo va a invertir en la compra de ropa para tener una mayor variedad para su clientela, la cancelación de su crédito anterior lo realizo en la fechas indicadas. La banca comunal le gusta por el compañerismo de todas las socias.
Previous Loan DetailsLibia is a member of the communal bank Nuevos Horizontes. She lives in the center of the city of Cuenca. This city is known for its beautiful historic center which is a mixture between colonial and modern and was given the status of World Heritage Trust site in December 1999. Its variety of cuisine… More from Libia Mercedes'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
- Oct 24, 2012
- Dec 1, 2012
- Currency Exchange Loss:
- May 17, 2013
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.