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Lourdes

Update on Lourdes

Doña Lourdes lives in a community where the people speak the Mazahua language. She is 36 years old and currently in a common-law relationship with Sr. Carlos. They have formed a family that includes four children who are in school. Lourdes was previously part of a larger group, but this time she is requesting an individual loan so that she can invest in her business of buying and selling chickens. She also has other businesses and needs to invest in her grocery store. Lourdes had no hesitation about requesting a loan from VisionFund Mexico.


Her family’s quality of life has improved because she has had the opportunity to invest in her grocery store. She also has plans to invest in her cooking by purchasing a few things that she is lacking, such as vegetables and condiments, for preparing food. Lourdes says, “Every day I prepare food for the school teachers nearby. This is a very good opportunity because I can earn some extra money for the household expenses.” Doña Lourdes has already participated in five loan cycles with VisionFund Mexico. She indicates that the loans have been a great help because her children are able to continue their studies. Lourdes is very pleased with her situation because she likes knowing that her children can continue their education, go on to finish a degree, and have a better quality of life since she was not able to accomplish these things herself.

View original language description ↓
Doña Lourdes vive en una comunidad donde la gente habla la lengua mazahua, cuenta que tiene 36 años de edad por el momento está viviendo en unión libre con el señor Carlos juntos han formado una familia con sus cuatro hijos que van a la escuela anteriormente doña Lourdes ya habia estado en uno grupo grande esta vez ha solicitado un crédito individual para invertirlo en su negocio de venta y compra de pollos aunque tambien tiene otros negocios en los cuales necesita invertir como la tienda de abarrotes cuanta que desde que decidio solicitar credito a la institucion sin duda la calidad de vida de su familia ha mejorado porque ha tenido la gran oportunidad de invertir en su tienda de abarrotes, tambien tiene pensado invetir su cocina comprando algunas cosas que le hacen falta como verduras, condimentos para la preparacion de las comidas que realiza cuenta "Yo todos los dias prepraro alimento para los profesores de las escuelas cercanas es una muy buena opcion porque asi me obtengo un dinerito extra para solventar los gastos de mi hogar" Doña Lourdes lleva ya cinco cinco ciclos trabajando con la institucion platica que le ha ayudado mucho porque sus hijos pueden seguir estudiando le da mucho gusto esta situacion porque le gustaria que sus hijos sigan estudiando y terminar una carreratener una mejor calidad de vida que les permita ya que ella no lo pudo realizar.

Previous Loan Details

Lourdes 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 in... More from Lourdes'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 Mexico

  • $11,249
    Average annual income
  • 11
    View loans »
    Mexico Loans Fundraising
  • $17,728,850
    Funds lent in using Kiva
  • 12.3
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,050 helped Lourdes to buy vegetables and condiments for preparing food, as well as groceries to sell in her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2013
Listed
Apr 6, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013
This photo was used before for a previous loan for Lourdes. It was first posted on Kiva on Nov, 2012. Learn More