Update on Gloria IsabelGloria needs to invest in her business. She is returning to request a new loan so that she can continue to prosper. She will use the loan to buy vegetables in bulk, including tomatoes, onions, chili peppers. She will also buy fresh fruit, including grapes, apples, and pears. This way, she will be able to offer a greater variety of products to her customers.
With her last loan, Gloria saw a positive impact on her business. The loan helped her to grow her business, and her family's living conditions have improved. Gloria is grateful for the support.
El crédito anterior, le dio un efecto positivo al negocio, le ayudo a incrementar el negocio, sus condiciones familiares han mejorado, esta agradecida por el aporte.
Previous Loan DetailsGloria is 33 years old. She lives with her husband and her two children who are 7 years and 1 year old. Her business is selling fruit and vegetables. Gloria works in the market and makes her sales every morning from Monday to Saturday. She learned this business from her mother. Gloria is… More from Gloria Isabel'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
- Jan 9, 2013
- Jan 15, 2013
- Currency Exchange Loss:
- Sep 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.