Update on Gloria MariaGloria owns a grocery store. She’s from Granada. She got her first loan from MiCredito that she used to stock her small grocery store. Having been benefited by Kiva she was able to improve her income and stock her store. She’s grateful for the opportunity provided. Now, she’s requesting a loan to buy basic grains, oil, canned goods, sugar and cleaning supplies to sell because they are among the items most requested by her customers. She wants her grocery store to grow more every day thus improving her quality of life.
Previous Loan DetailsGloria is 45 years old and married. She has 3 children aged 26, 19 and 15 years old, all of whom are currently studying. She is a shopkeeper and has a grocery store in her home where she lives in the city of Granada. She started her business with the help of her husband, with the goal of… More from Gloria Maria'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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