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Clara Luz

Update on Clara Luz

Clara is a member of the “Nuevos Horizontes” (New Horizons) communal bank. She lives in Cuenca, a city bathed by the waters of four rivers. Its architecture is a mix of the colonial and the modern. Its people are friendly, polite and warmhearted.

Clara is 70 years old and the single mother of three daughters who are all married. Two of them live independently and one lives with her, sharing household expenses. They do not own their house, so they rent.

Clara sells clothes and other items which she buys in the neighboring country of Peru. But the last time, her business there did not go very well, as they took away her merchandise and did not return it.

She has been doing this work for approximately 36 years, and it has allowed her to help her household be financially solvent.

She was delayed in paying back her loan because of the loss of her merchandise, but as she is a woman who works with determination, she has managed to pay off her loan completely.

She is going to use her new loan to buy clothing and housewares for the Christmas season. She likes the communal bank, as at each meeting, she is with her friends with whom she discusses various subjects of interest.
View original language description ↓
La Señora Clara es socia del banco comunal Nuevos Horizontes, vive en la ciudad de Cuenca, esta ciudad se encuentra bañada por 4 ríos, su estructura arquitectónica es una mezcla entre lo colonial y lo moderno, su gente es amable, gentil y de un corazón cálido, aun conservan la cultura y tradiciones de sus pueblos.

Doña Clara tiene 70 años de edad, es madre soltera de 3 hijas quienes son todas casadas, 2 de ellas viven independientes y una vive en su casa compartiendo los gastos del hogar, no tienen casa propia por lo que vive arrendando.

Ella se dedica a la venta de ropa y más artículos los que compra en el vecino país del Perú pero ultima vez no le fue muy bien en su negocio ya que le quitaron su mercadería y no le devolvieron, esta actividad la desempeña más o menos 36 años y le ha permitido ayudar a la solvencia económica de su hogar.

En la cancelación de su crédito se atrasó por la pérdida de su mercadería pero como es una mujer luchadora con su trabajo ha logrado realizar la cancelación total de su deuda. Su nuevo crédito lo va a invertir en la compra de ropa y artículos de bazar para la temporada de navidad. La banca comunal le gusta ya que en cada reunión se encuentra con sus amigas con quienes platica de varios temas de su interés.

Previous Loan Details

Clara is a member of the “Nuevos Horizontes” (New Horizons) communal bank. She lives in downtown Cuenca, a city noted for the beauty of its historic city center which blends the colonial with the modern and which led to it’s being designated a Cultural Heritage of Humanity in December, 1999.... More from Clara Luz'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 Ecuador

  • $10,600
    Average annual income
  • 51
    View loans »
    Ecuador Loans Fundraising
  • $24,308,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $775 helped Clara Luz to buy clothes and housewares to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 24, 2012
Dec 1, 2012
Currency Exchange Loss:
May 17, 2013
This photo was used before for a previous loan for Clara Luz. It was first posted on Kiva on Jun, 2012. Learn More