Gloria Del Carmen
Update on Gloria Del CarmenGloria has decided to take out another loan to gain the multiple benefits that can result from investing in her store. She will purchase soap, detergent, candy, drinks, sugar, salt, etc. This will help strengthen the business.
With her last loan, Gloria improved service for her customers and her earnings. She paid off her debts and also purchased articles for her home, offering her family a better style of life.
Con el préstamo anterior mejor el servicio a sus clientes, sus ganancias han mejorado, ha cancelado sus deudas y también compro artículos para el hogar lo que dan a su familia un mejor estilo de vida.
Previous Loan DetailsGloria lives with her family. She has a store with home products. The loan she is seeking will allow her to buy merchandise, such as: beans, sugar, rice, salt and soap, among others. This investment will help her to have better utility in her business and acquire more merchandise to increase her… More from Gloria Del Carmen'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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About El Salvador
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Success!! The loan was 100% repaid
- Repayment Term
- 10 months (Additional Information)
- Repayment Schedule
- Dec 18, 2013
- Dec 31, 2013
- Currency Exchange Loss:
- Jul 17, 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.