Update on Lourdes EsthelaLourdes is a member of the communal bank "Mas que Vencedoras," and this is her third loan. She lives in the city of Azogues, a city that, due to its geography, sits astride a slope. Here the people are kind, gentle, and tenacious. The most intriguing aspect of the town is its church, which is located at one of the highest points of the city.
Lourdes, 28, is married and has 2 children aged 2 and 2 months. Her husband is a tailor. They don't own a home, so they live in a rented dwelling.
Lourdes works in her own business alongside her husband. She makes sports clothes and other garments, a trade that she learned on the job. She works Mondays through Saturdays. She will invest this loan in the purchase of fabric and threads. Her dream is to have her own house.
La Señora Lourdes tiene 28 años de edad, es casada y fruto de su unión conyugal ha concebido dos hijos de y 2 años y su último hijo de apenas de 2 meses, su esposo es sastre, no tienen casa propia por lo que viven arrendando.
Doña Lourdes labora en su negocio propio y a lado de su esposo, se dedican a confeccionar ropa deportiva y otras prendas, actividad que aprendió trabajando y labora de lunes a sábados. Su crédito va a invertir en la compra de telas e hilos. Su sueño es de tener su casa propia.
Previous Loan DetailsSra. Lourdes is applying for her second loan in the Más Que Vencedores Communal Bank, which she was invited to join by a friend. She lives in Azogues, a place that, due to its accidental geography, sits astride a slope. At its highest point, one can see the Cathedral. Its people engage in… More from Lourdes Esthela'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
- Jan 31, 2014
- Feb 22, 2014
- Currency Exchange Loss:
- Aug 17, 2014
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.