Update on Gloria Isabel‘Querer es poder’ [where there is a will there is a way]. They are three short words that characterize Gloria. Upon completing high school, various causes stopped her from entering the university. One of these was the lack of financial resources. Nevertheless, she did not give up. She looked for a way to progress.
At 26 years of age, she owns a grocery store. It has been growing little by little for four years. She works with care and dedication given that this is her main source of income.
Gloria is requesting a second loan. She plans on using the loan to increase her production capital. She needs to buy rice, beans, cooking oil, sugar, and various other products for her business. She is very grateful for the first loan. She increased her number of customers and her income.
She struggles for her mother, who she wishes to provide with better living conditions. One of her goals is to expand the business and at the same time set up butane gas sales.
Gloria solicita un segundo financiamiento, con el que planea aumentar el capital de su producción, necesita invertir en la compra de arroz, frijoles, aceite, azúcar y productos varios para su negocio. Ella está muy agradecida con el primer financiamiento, puesto que aumentaron los clientes y al mismo tiempo sus ingresos. Ella lucha por su madre, a quien desea brindarle mejores condiciones de vida. Una de sus metas es ampliar el negocio y al mismo tiempo establecer una venta de gas butano.
Previous Loan DetailsGloria, a young woman 24 years old, lives in the city of León. She is a merchant, and has a grocery store in her home. She could not begin her studies at high school because of economic reasons. She has had her own business for 3 years selling basic grains, vegetables, sodas, and snacks. These… 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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Success!! The loan was 100% repaid