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Luz María

Update on Luz María

Luz is on her eighth loan. She's part of Las Flores Communal Bank, time in which she has strengthened her friendship with all the members of the group. This group is known for all the members having a lot of charisma. She lives in the parish of Ricaurte in Cuenca, a place where modern and old architecture are mixed, the cuisine is varied, and the people are friendly and helpful.

Luz, 66, is married and from this relationship has had seven children who are now adults. Six of them are married and live independently; her single son works and helps her financially. The house she lives in is her own property, the fruit of her labor with her husband in their youth. Her husband makes a living in agriculture.

Luz makes a living raising animals and also has a store where she works from Sunday through Sunday with no fixed schedule. She chose this work because she can take care of her house and at the same time help get her family ahead financially.

She invested her previous loan in buying supplies for her store, from which she got good profits that were of great help to her family. She's going to invest her new loan in buying more supplies to expand her business.
View original language description ↓
La Señora. Luz se encuentra en su octavo crédito, forma parte del banco comunal Las Flores tiempo en el que ha estrechando su amistad con todas las socia del grupo, este grupo se caracteriza porque todas las socias tienen un gran carisma. Vive por la parroquia de Ricaurte en Cuenca, lugar que se mezcla su arquitectura antigua con la moderna, su gastronomía es muy variada, su gente es amable y gentil.

Doña Luz tiene 66 años, es casada y fruto de esa unión conyugal ha concebido 7 hijos quienes ahora son mayores de edad, seis de ellos están casados y viven independientes, su hijo soltero trabaja y le ayuda económicamente. La casa en la que vive es de su propiedad siendo el fruto del trabajo conyugal en su juventud, su esposo se dedica a la agricultura.

La señora Luz se dedica a la crianza de animales y también tiene una tienda en la que labora de domingo a domingo sin horario fijo, ha elegido esta actividad porque puede ocuparse de su casa y a la vez ayudar económicamente para sacar adelante a su familia.

Su crédito anterior lo invirtió en la compra de víveres para su tienda, del cual obtuvo buenas ganancias que fueron de mucha utilidad para su familia. Su nuevo crédito lo va a invertir en la compra de más víveres para ampliar su negocio

Previous Loan Details

Luz now finds herself approaching her seventh loan with the communal bank Las Flores. She lives in the Ricuarte parish of the city of Cuenca, whose culture and traditions are very deeply entrenched in the daily life of its people. The typical cuisine of the region captivates the palates of locals... More from Luz María'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
  • 95
    View loans »
    Ecuador Loans Fundraising
  • $25,057,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $350 helped Luz María to buy provisions.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jan 23, 2013
Mar 1, 2013
Currency Exchange Loss:
Aug 17, 2013
This photo was used before for a previous loan for Luz María. It was first posted on Kiva on Sep, 2012. Learn More