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Glendy Yamileth

Update on Glendy Yamileth

Glendy is 21, lives with her partner, and is the mother of a daughter. She has been selling basic household products for six years. She learned this business from a cousin who is like a sister to her and is the one who motivated her. Glendy saw that she sold quite a bit, and that is why she set up her own store.

To go to buy her products, she travels to the city in her mother-in-law's pick-up. She leaves at 4:00am and returns at 11:00am.

She is applying to Fundación Campo for a loan to buy a grill for making pupusas (grilled stuffed corn cakes) and to finish a room, in order to set up her store there, as she has been renting all this time. With the purchase of the grill, she will have a new source of income and increase her sales; earning more profits, improving her quality of life, and providing a better future for her daughter.

Glendy will have financial stability that will allow her to provide a better future for her daughter, and she will feel very satisfied as a mother, able to give her daughter everything she needs. With God's help, she wishes to save for buying her own vehicle. This way she will be able to get around by herself. She will stock the store more and will have better earnings.
View original language description ↓
Glendy tiene 21 años de edad, esta acompañada y es madre de una hija. Ella se dedica a la venta de productos de la canasta básica desde hace seis años. Aprendio esta actividad de una prima que es para ella como una hermana y es quien la impulso. Glendy vio que vendía bastante y por esa razón instalo su propia tienda.

Para ir a comprar los productos, ella viaja en el pick up de la suegra hasta la ciudad, sale a las 4:00 a.m. y regresa a las 11:00 a.m.

Ella solicita un préstamo a Fundación Campo, para comprar una plancha para elaborar pupusas y terminar una habitación para instalar ahí la tienda, ya que ha estado alquilando todo este tiempo. Con la compra de la plancha, ella tendrá un nuevo ingreso e incrementara las ventas, recibiendo más ganancias, mejorando su calidad de vida y ofreciéndole un mejor futuro a su hija.

Glendy tendrá una estabilidad económica, que le permitirá proporcionarle un mejor futuro a su hija y ella se siente una madre muy satisfecha de poder darle todo lo necesario a su hija. Ella desea con la ayuda de Dios ahorrar para comprar su propio vehiculo, así se movilizara personalmente, surtirá más la tienda y tendrá mejores ganancias.

Previous Loan Details

Glendy is 21 years old and has a child. She works selling basic grocery and household products, work she has done for the past six years. She learned this activity from her cousin, who motivated her and provided her with products on credit so that she could start. She saw that she sold a lot a... More from Glendy Yamileth's previous loan »

Additional Information

About CrediCampo

This loan is administered by CrediCampo, a Kiva Field Partner in El Salvador. CrediCampo seeks to improve the lives of rural communities and their families in areas including health, education, basic services, and infrastructure. Through its Community Development Unit, CrediCampo provides scholarships, leadership development training, and financial education programs for families in rural areas. CrediCampo’s work is crucial in addressing the issue of poverty in El Salvador. Based on 2009 estimates, 37.8% of the population lives below the poverty line. To learn more about CrediCampo and their work, visit their partner page.

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

  • $4,900
    Average annual income
  • 451
    View loans »
    El Salvador Loans Fundraising
  • $23,261,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Glendy Yamileth to buy a grill for making pupusas (grilled stuffed corn cakes), and to finish a room for setting up her store in.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2012
Listed
Apr 8, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 16, 2012