Update on LuscindaLuscinda is 63 years old, married and has four children, but they are all adults with families of their own. She has been making enchiladas and plantain and yucca tostadas for more than 30 years. The most popular items she sells are her famous chucho cakes. They are stuffed with potatoes, green beans, and rice. She sells these in a city market from 2:00 pm to 6:00 pm. She also sells coffee and chocolate and learned all of this from her family who does the same thing. Luscinda has provided an education for her children. She buys her supplies, cabbage, corn, yucca, green bananas, and cooking oil, in the city central market half a kilometer from her home.
She will use the money from this loan to buy four cabbages, two bushels of corn, three baskets of yucca, 100 green bananas, five gallons of oil, and other things. Now that she has her Kiva loan, she has been repaying it and is 50% completed. She will also buy 300 tiles, 15 metal sheets, and 10 square cuts of lumber to replace the roof on her home that has been damaged and stands to be further damaged with the coming rains. In this way she can increase her sales and income to have financial solvency, pay the household expenses, and help her nieces with their studies.
Luscinda wants to build another house because she has two nieces who are in public school where they live and it’s too far so she wants to give them shelter during rainy seasons.
El préstamo que solicita la señora es para comprar 4 repollos, 2 quintales de maíz, 3 canastos de yuca, 100 guineos verdes, 5 galones de aceite, entre otros. Ella ya tiene un credito KIVA, esta pagando puntualmente y lleva el 50% cancelado. También comprara 300 tejas, 15 pliegos de lámina y 10 cuartones de madera para cambiar el techo de su vivienda ya que se encuentra dañado y con las próximas lluvias tiene miedo que se le dañe más. De esta manera ella incrementara sus ventas, obtendrá mayores ganancias para tener una solvencia económica, costear los gastos de la casa y ayudar a sus nietas con el estudio Luscinda tiene pensado construir una habitación más a su casa, ya que tiene dos nietas que están estudiando en un centro escolar publico y donde ellas viven esta muy lejos, por eso ella quiere darles alojamiento en época de lluvia.
Previous Loan DetailsLuscinda, 63, is married and has four children but they’ve all formed their own families. She’s been making enchiladas, fried plantain and fried manioc for more than 30 years. The most popular item she sells are the famous “pasteles de chucho” as they are called. They are made stuffed with pot... More from Luscinda's previous loan »
About CrediCampoThis loan is administered by CrediCampo, a Kiva Field Partner in El Salvador. CrediCampo seeks to improve the lives of rural communities and their families in areas including health, education, basic services, and infrastructure. Through its Community Development Unit, CrediCampo provides scholarships, leadership development training, and financial education programs for families in rural areas. CrediCampo’s work is crucial in addressing the issue of poverty in El Salvador. Based on 2009 estimates, 37.8% of the population lives below the poverty line. To learn more about CrediCampo and their work, visit their partner page.
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 El Salvador
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Success!! The loan was 100% repaid
- Repayment Term
- 26 months (Additional Information)
- Repayment Schedule
- Dec 5, 2012
- Jan 1, 2013
- Currency Exchange Loss:
- Apr 16, 2014
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.