Update on GriceldaGriselda requests a new loan to buy merchandise for her business. As a result of these loans, she has been able to maintain an adequate level of inventory to meet demand. She is motivated to continue working and investing in products such as corn, wood, gas, sugar, snacks, soap and detergents, which are the necessary products to keep her tortilla store in business.
With the previous loan, she was able to make a good investment in the business, increasing her competitiveness in the market. She has increased her customer base and improved her income meeting by meeting her customer’s expectations.
Con el préstamo anterior logró realizar una buena inversión al negocio, aumentando la capacidad competitiva en el mercado, ella ha aumentado su clientela y ha mejorado sus ingresos cumpliendo con sus expectativas.
Previous Loan DetailsGriselda lives with her family, her husband and 15 year old daughter. She has been running an accessory business for a year now and has been able to survive on the income it provides. At the moment she needs to buy merchandise to stock her business. She needs bracelets, animated posters,… More from Gricelda'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