Update on Glenda ElizabethGlenda is requesting a new loan so that she can restock her store. She will buy nonperishable products such as sugar, flour, instant soups, coffee, and other items. Glenda wants to maintain a well-stocked business so that she can offer products to her customers.
She says that she has had a good experience managing the loans. They have had a positive effect, including an increase in her sales and more income for her family.
Ella comenta que ha tenido una buena experiencia en el manejo de los préstamos, ya que su efecto fue positivo logrando incrementar sus ventas y los ingresos para su familia.
Previous Loan DetailsGlenda lives in Jiquilisco, a region of Usulután. She lives with her husband and her son who is 3 years old. She has been running a store for four years. Currently, she wants to buy products such as rice, sugar, oil, beans, pastas, crackers, deli meats, and eggs. These are very necessary for he... More from Glenda 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
- 14 months (Additional Information)
- Repayment Schedule
- Nov 4, 2011
- Dec 4, 2011
- Currency Exchange Loss:
- May 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.