Update on Gloria ElizabethGloria needs to improve her business and so decided to take out a new loan which she will use to buy a hotplate for making pupusas, and cooking supplies such as oil, seasonings and sugar, so that she can prepare her food for sale.
Gloria's previous loan helped her as she was able to make her purchase and improve her business. Her family are currently well and she is keen to continue working.
El préstamo anterior le ayudo, pudo realizar la compra y mejorar en el negocio, su familia por el momento se encuentra bien y con deseos de seguir trabajando.
Previous Loan DetailsGloria and her husband live in San Miguel; they do not have children. Together they run a business selling bread an other food items. Gloria is seeking a loan to purchase inventory such as meat, vegetables, cooking oil, and seasoning. This investment will increase their income and will allow Gloria… More from Gloria Elizabeth'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.
About El Salvador
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Success!! The loan was 100% repaid
- Repayment Term
- 17 months (Additional Information)
- Repayment Schedule
- Sep 22, 2011
- Nov 1, 2011
- Currency Exchange Loss:
- Apr 15, 2012
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.