Update on GloriaGloria has decided to apply for another loan in the Christmas season to raise her sales and improve her profits. She makes a living in the sale of fruits and vegetables. She will invest the loan in the purchase of apples, strawberries, grapes, pears, kiwis, and papaya.
She says that her previous loan improved her sales and grew her income, thereby improving the quality of life for her family. With the previous loan, she improved her savings, grew her inventory, and bought a stove and other electrical household appliances.
Con el crédito anterior mejoro su economía y aumento el inventario compro una cocina y otros electrodomésticos.
Previous Loan DetailsGloria lives with her husband and their four children. They are a modest family, she sells fruits. This business started with her own initiative, because she saw the need to have a source of income to help her husband in the household needs. She needs to buy fresh fruits to expand the business,… More from Gloria'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
- Dec 21, 2012
- Jan 2, 2013
- Currency Exchange Loss:
- Jul 18, 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.