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Laura

Update on Laura

Since receiving her first Kiva loan a year ago, Laura has more than doubled the number of families who are a part of her dance studio from 120 families to over 250. She has continued to reinvest her additional revenue back into her business installing a new dance floor and purchasing an electronic sign-in system that allows her studio to run more efficiently.

Laura, pictured here in purple, continues to spread her love for dance, teaching a wide variety of dance styles from all around the world. Her students, such as those pictured with her, wear authentic and intricately designed costumes made by Laura herself. She has also recently hired to instructors to teach hip hop and Indian style dance.

As her studio grows not only in size but notoriety, Academy of World Dance ‘N Arts s has been invited to perform around all around the county. Laura is using her second Kiva loan to purchase a set of floor mats and other equipment to allow her and her students to perform in outdoor venues.

Laura still continues to pursue her dream of renting out a larger space and building a state-of-the-art international performing arts center. With business growing, she grows closer to realizing this dream a little more everyday.

Previous Loan Details

As the owner of a dance studio that instructs over 200 students in over 130 different styles of dance, Laura is passionate about people from around the world, instilling in her students understanding and deep respect for each culture. Her motto is to “bring the world together by teaching differen... More from Laura'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.

Tags

About United States

  • $47,000
    Average annual income
  • 27
    View loans »
    United States Loans Fundraising
  • $11,814,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $8,500 helped Laura to purchase a set of floor mats and other equipment to allow her and her students to perform in outdoor venues.
24% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2014
Listed
Jul 28, 2014
Currency Exchange Loss:
N/A
This photo was used before for a previous loan for Laura. It was first posted on Kiva on Jun, 2013. Learn More