Update on Glenda ElizabethGlenda is requesting a new loan to invest in her chicken [meat] farming business. She believes that she has received a good service which has helped her maintain a more stable business up to now. She will buy young chickens and feed for them. This will help her to ensure continuity in her business and she will be able to continue making an honest living.
Glenda's previous loan had the effect of strengthening her farm, providing her with positive results. She made more sales which helped her business and allowed her to support her family.
El efecto que tuvo con el préstamo anterior fue fortalecer la granja dándole unos resultados positivos pues ha generado mayores ventas que le han servido para el negocio y para el sostenimiento de su familia.
Previous Loan DetailsGlenda is 21 years old and lives with her husband and their 7 month old baby in their own house. For the last year, Glenda has worked raising chickens, a business she started with her husband to generate more income and allow her to work from their home. Glenda is requesting a loan to purchase… 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
- Jun 4, 2012
- Jun 27, 2012
- Currency Exchange Loss:
- Nov 18, 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.