Update on Gloria ElizabethGloria is asking for a new loan to buy ingredients to prepare food with like meats, chicken, rice, oil, tomatoes, onions, salt and condiments to prepare dishes for customers. This will help her support herself and continue working to improve her economic situation.
She feels that the previous loan helped her improve food production helping her so that her customers would continue coming to her business and be able to have higher sales.
Ella considera que el préstamo anterior le ayudo para mejorar la producción de comida, ayudándole para que sus clientes se mantengan en el negocio y poder tener mayores ventas.
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.
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Success!! The loan was 100% repaid