Update on Griselda MaricelaGriselda, in order to continue strengthening her business, is applying for a new loan to invest in fruits, vegetables, seafood, and ingredients to prepare pupusas. She will make a small investment in each item, making improvements so that everything will be profitable. She feels that she has succeeded in improving her business, since she has set up a business in the market, with a fixed location and a clearly defined clientele. Up to now her family has supported her, helping her and having confidence in her business.
Ella considera que ha logrado mejorar ya que ha puesto un negocio en el mercado, con un puesto fijo y con clientela bien definida, hasta el momento su familia se ha mantenido, apoyándole y con la confianza en sus negocios.
Previous Loan DetailsGriselda lives with her husband and children in a rented home. She sells fruits, vegetables and seafood, a business that she learned from her mother 15 years ago. She works every day, Monday to Sunday, and has an established customer base so she needs to have a variety of products. She needs… More from Griselda Maricela'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
- Dec 5, 2011
- Dec 27, 2011
- Currency Exchange Loss:
- Jun 16, 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.