Update on LourdesLourdes 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."
Previous Loan DetailsDoña 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 a... 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