Update on Nancy GuadalupeNancy has opted for a new loan because she needs to stock her shop which sells jewellery, lotions and clothes. She will buy more earrings, necklaces, bracelets and also tops, trousers and lotions.
She believes that the loan improved her sales, profits and economic stability. She was also able to acquire a vehicle for the family in this period.
Ella considera que el crédito mejoro sus ventas, las ganancias, la estabilidad económica, ha adquirido en este periodo un vehículo para la familia.
Previous Loan DetailsNancy sells costume jewelry. She’s single living with her family and is attending university. She started her business at home and now keeps it strong selling lotions and costume jewelry. She learned the costume jewelry taking a course in order to learn. The business allows her to pay for her… More from Nancy Guadalupe'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