Update on Libia JesúsLibia is part of the Loma de la Cruz communal bank. She lives in the city of Cuenca, which is known as the birthplace of great poets and writers. It has been a World Heritage Site since December of 1999. She likes the communal bank because of the sense of community she has found in her friends and acquaintances.
Libia, 48, is married with no children. Her husband is a legal professional. They live in their own house.
Libia works daily in her restaurant. She has been in this business for eight years. Since she likes the culinary arts, she decided to start her own business and she now makes a daily income. She is her own boss and she works at her own pace.
She used her previous loan to invest in the purchase of food, with which she had very good earnings. With her new loan, she will buy food and soft drinks to continue with her business.
Doña Libia tiene 48 años de edad, es casada y no ha concebido hijos, su esposo es un profesional y ejerce la Abogacía, la casa en la que viven es propia.
La Señora. Libia trabaja a diario en su restaurante, lleva en el negocio desde hace 8 años, como le gusta mucho el arte culinario decidió tener su propio negocio y ahora percibe ingresos a diario, es su propio jefe y trabaja a su ritmo.
El dinero de su crédito anterior lo invirtió en la compra de víveres de los cuales obtuvo muy buenas ganancias. Con su nuevo crédito va a comprar víveres y gaseosas para continuar con su negocio.
Previous Loan DetailsSra. Libia is receiving her first loan from the Communal Bank “Loma de La Cruz” (Hill of the Cross). She lives in the sector of Vecino in the city of Cuenca, a place where the weather is cold and the people have very warm hearts. There are several places within Cuenca to enjoy nature, as well as… More from Libia Jesús'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
- Apr 10, 2013
- May 23, 2013
- Currency Exchange Loss:
- Nov 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.