Update on GertrudisGertrudis has decided to opt for a new loan because the last one really helped her strengthen her business. It improved her living conditions as her profits went up due to having a wider range of products.
She will buy clothes for both sexes like blouses, shirts and underwear among other styles. This will help her business be more profitable.
She comments that her family has had enough to live on as she has been able to buy food daily from her business' profits.
Comprara ropa para ambos sexos, como blusas, camisas, ropa interior, entre otros estilos, esto le ayudara para que su negocio se rentable.
Comenta que su familia ha tenido lo necesario para vivir, de las ganancias del negocio puede comprar el alimento diario.
Previous Loan DetailsGertrudis lives in her family's home with her three children, ages 15, 18 and 28. She sells clothing and has a small store in her house. She started her businesses because of financial need, and she works every day. She needs a loan to buy more merchandise like skirts, blouses, pants and shir... More from Gertrudis'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 25, 2013
- Feb 5, 2013
- Currency Exchange Loss:
- Jan 18, 2014
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.