Update on Gilma CristeliaGilma needs more working capital, and this is why she is applying for a new loan in order to purchase agricultural supplies for the half manzana (about 1.4 acres) of beans that she has planted. She will do this by buying fertilizer and herbicides, and will also buy two pigs for slaughter, as well as the feed concentrate for fattening them.
This will help her to maintain a stable livelihood. She says that with the previous loan she obtained more earnings, and has a more profitable business so that she can meet her household expenses. In addition, her family has enjoyed a better diet.
Ella comenta que con el préstamo anterior obtuvo más ganancias y un negocio más rentable para poder salir con los gastos del hogar y su familia ha gozado de mejor alimentacion.
Previous Loan DetailsGilma makes her living growing basic grains and raising pigs. She's an honest woman and a real fighter. She lives with her children, who are fifteen, thirteen, nine, six, and five-years-old, and they're all dependent. The four older ones are in school. Her husband helps her out with the pig f... More from Gilma Cristelia'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
- Sep 24, 2012
- Oct 22, 2012
- Currency Exchange Loss:
- Apr 19, 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.