Update on LourdesDoña 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.
Previous Loan DetailsLourdes 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… More from Lourdes'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
- Mar 25, 2013
- Apr 6, 2013
- Currency Exchange Loss:
- Sep 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.