- ArmeniaAgricultureFunding via Nor Horizon Universal Credit Organization Limited Liability Company
- PhilippinesRetailFunding via Negros Women for Tomorrow Foundation, Inc. (NWTF)
- PhilippinesFoodFunding via Community Economic Ventures, Inc. (CEVI), a partner of VisionFund International
Update on Gloria AidaGloria has been an active member of the communal bank Las Flores for the past six months and this is her second loan with the bank. She lives on the outskirts of Cuenca, a city whose culture and traditions are deeply entrenched in the daily life of its people, and whose typical cuisine captivates the palates of locals and visitors alike.
Gloria is twenty-six years old and divorced, though she has two children from her previous marriage of seven and five years of age. They study in a little school in the city. The house in which she lives is her own property.
Gloria has a small marble factory in which she produces a variety of products such as kitchen countertops. She learned this profession from her parents and she has had her own business for the past five years. She likes the work because it permits her to be independent and this way she has time to spend in her home.
She used the previous loan to purchase marble for her business and she has paid back the loan within the allotted period without any difficulty whatsoever. She will use this loan to purchase more marble. She likes the communal bank because the loans are fast and they permit her to settle her business expenses.
Doña Gloria tiene 26 años, es divorciada pero en su unión conyugal han concebido dos hijos de 7 y 5 años de edad que estudian en una escuelita de la ciudad, la casa en la que vive en es de su propiedad.
La Señora Gloria tiene una pequeña fábrica de marmolería en donde realiza varios productos como mesones de cocina, aprendió este oficio de sus padres y cuenta con su negocio propio hace 5 años, le gusta laborar en esta actividad porque le permite ser independiente y así tiene tiempo para dedicarse a su hogar.
Su crédito anterior lo invirtió en la compra de mármol para su negocio y la cancelación de su crédito lo ha realizado a la fecha sin dificultad alguna. Este crédito lo va a invertir en la compra de mármol. La banca comunal le gusta porque los créditos son rápidos y le permiten solventar los gastos en su negocio.
Previous Loan DetailsGloria is a member of “The Flowers” cooperative bank. She lives in the city of Cuenca, a World Heritage Site, known for the beauty of its historic city center, its cuisine, and the culture and traditions of its towns. Gloria is 26 years old and divorced, however, this marriage yielded two chi... More from Gloria Aida'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
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Jul 26, 2012
- Sep 2, 2012
- Currency Exchange Loss:
- Feb 15, 2013
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.