Update on Mariana LuzMariana is 48 years old and lives with her two children in her own home. She owns a carpentry shop where she makes and sells furniture, chairs, tables, benches, and other things. Her business is set up in her home and has been running for several years. She has gained a lot of experience from it and it allows her to make the best profit. She has lots of customers because she sells her items at affordable prices and her service is also excellent.
Mariana wants her business to expand, but she needs capital, which is why she is requesting a loan that will allow her to buy wholesale wood, nails, paint, varnish, etc. Mariana is hopeful that she will be able to pay off her financing and at the same time give her family the quality of life that they deserve.
Previous Loan DetailsMariana Luz lives together with her children in her own house; She has a carpentry shop where she makes furniture, chairs, tables, benches, and other things. She has had this business for several years and this has given her much experience in this field, which allows her to obtain the best… More from Mariana Luz's previous loan »
About Apoyo IntegralApoyo Integral (Apoyo) is a nonprofit organization offering financial products that enable clients to increase their working capital, purchase fixed assets, buy and remodel homes, expand agricultural business and more. The organization’s target group is businessmen and women who have already established their businesses but need financial support to strengthen or expand them.
Like Kiva, Apoyo is committed to empowering women involved in business activities in rural areas. Kiva lenders’ funds will be used to expand these services to an even greater number of poor clients in rural areas.
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 El Salvador
467View loans »
This loan has been fully funded!
- Repayment Term
- 17 months (Additional Information)
- Repayment Schedule
- Jan 6, 2014
- Feb 24, 2014
- Currency Exchange Loss:
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.