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Luz Marina

Update on Luz Marina

Luz is a poor businesswoman and originally from the city of Granada. She is mother to four children and makes a living producing and selling bread and cakes. Luz is very grateful because, thanks to her first loan, she was able to buy the ingredients to make various breads and cakes. Her sales improved and the quality of her cakes has also improved. Luz is proposing opening new avenues for selling her products and gaining more customers. In order to do this, she is applying for a loan to buy flour, yeast, oil, eggs, cheese and butter. She hopes to make improvements to her artisan oven so as to produce more and reduce costs.
View original language description ↓
Luz, es una humilde comerciante, originaria de la ciudad de Granada, madre de 4 hijos, ella se dedica a la venta y elaboración de pan y repostería. Está muy agradecida porque gracias a su primer financiamiento recibido logro comprar materia prima para elaborar pan y repostería variada sus ventas han mejorado, la calidad de su repostería ha mejorado. Se propuesto abrir nuevas rutas de venta para ofrecer su producto y conseguir más clientes. Por ese motivo está solicitando el crédito para comprar harina, levadura mejorada, aceite, huevos, queso, mantequilla. Espera lograr mejorar su horno artesanal para poder producir más y reducir costos.

Previous Loan Details

Luz, 44, lives in Granada; she’s married and her academic level is 5th grade of elementary school. She’s a merchant by profession dedicated to making bread and pastries. She’s the mother of four children who are in her care and currently attending school. She started her activity two years a... More from Luz Marina'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 Nicaragua

  • $4,800
    Average annual income
  • 79
    View loans »
    Nicaragua Loans Fundraising
  • $25,420,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Luz Marina to buy flour, yeast, oil, eggs, cheese and butter.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 19, 2013
Apr 18, 2013
Currency Exchange Loss:
Dec 17, 2013