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Lourdes

Update on Lourdes

Lourdes lives in a community where the people speak the mazahua language. She is 36 years old and is in a common law marriage with Carlos. They have formed a family with their four children who attend school. Lulu, as she is known in the community, is asking for a loan to stock her paper goods store and candy shop.

She is very grateful to Kiva and VisionFund for the great achievement that she has with her businesses. She also says that her great happiness is to be able to pay her daughters educational expenses at a private school in Mexico City. Her daughter is studying law. Another achievement is being able to have an employee to work in her grocery store, while Lulu and her husband work on her chicken farm, restaurant, and candy shop.

All of her businesses have come through great effort. Lulu and her husband begin working at 7:00 am every day and all of their businesses close at 10:00 pm. They always have good sales and Lulu says that profits dip slightly only during school vacation, but nothing to worry about. Lulu says that she doesn't have any problems with her business. "Actually, I am very grateful to the institution because the loans have helped me get our businesses ahead."

She says that they recently hired an employee, and installed new doors and signs to present a better appearance for her businesses. "I'm also very happy about my daughter's education. She is in a good school now. She had quit school for a year because we didn't have the money to pay her studies. She recently started in university and we work very hard to support her in everything."
View original language description ↓
Doña Lourdes vive en una comunidad donde la gente habla la lengua mazahua, cuenta que tiene 36 años de edad y 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. Doña Lulú, como la conocen mejor en su comunidad, ahora solicitó un crédito para surtir su papelería y su dulcería. Ella está muy agradecida con KIVA y VisionFund por el gran logro que ha tenido en sus negocios. También comenta que su gran alegría es el poder pagar la colegiatura de su hija en una escuela privada en la Ciudad de México. Su hija está estudiando una licenciatura en derecho, otros de sus logros ha sido poder tener ya un empleado quien le ayude en la tienda de abarrotes, mientras Doña Lulú y su esposo se dan abasto para poder atender su pollería, su cocina económica, su dulcería y económica. Todos sus negocios han sido a base de grandes esfuerzos, Doña Lulú y su esposo empiezan a trabajar a las siete de la mañana todos los días a esa hora abren todos sus negocios y cierran a las diez de la noche. Siempre tienen muy buenas ventas y comenta Lulú que solo en vacaciones de las ecuelas las ganancias bajan un poco, pero nada preocupante. Doña Lulú dice no tener dificultades en su negocio “La verdad estoy muy agradecida con la institución porque gracias a todos los préstamos he podido sacar adelante todos nuestros negocios". Comenta que hace poco contrataron a un empleado, pusieron canceles nuevos y rótulos presentables para mejorar la imagen de los negocios. "También estoy muy contenta por la educación de mi hija, ahora está en una escuela de calidad. Ella había abandonado sus estudios por un año porque no teníamos dinero para solventar sus estudios, hace poco inicio la universidad y trabajaremos muy duro para apoyarla en todo”.

Previous Loan Details

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... 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

  • $15,600
    Average annual income
  • 29
    View loans »
    Mexico Loans Fundraising
  • $19,068,050
    Funds lent in using Kiva
  • 13.1
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Lourdes to stock her paper goods store and candy shop.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2013
Listed
Sep 29, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014