Update on Gloria IsabelGloria needs to opt for a new loan because she needs more working capital for her fruit and vegetable sales business. This investment will help her buy apples, oranges, strawberries, potatoes, onions, chilies and tomatoes, among others.
The previous loan helped her improve and earn higher income as well as to acquire more merchandise. Her economic conditions and her family circumstances remain unchanged.
El crédito anterior le ayudo a mejorar y obtener mayores ingresos, asimismo a adquirir más mercadería. Las condiciones económicas y las circunstancias familiares se mantienen igual.
Previous Loan DetailsGloria 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… 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.
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