Gloria Del Carmen
Update on Gloria Del CarmenGiven the good results from investing loans in her business, Gloria has decided to apply for a new loan in order to buy washing-up liquid, soap, detergents, oil, snacks, fizzy drinks, sweets, bread, biscuits, toilet paper and more. With these items, Gloria can stock-up quickly and will continue to keep her customers satisfied.
Gloria's previous loan helped her to keep her business going as best as possible. Gloria's sales and profits increased a little; she used these profits in order to cover her family's basic necessities and pay off her debts.
Con el préstamo anterior ha mantenido la funcionando su negocio de la mejor manera, sus ventas y ganancias se han incrementado un poco, las utiliza para cubrir las necesidades básicas de su familia y cancelar sus deudas.
Previous Loan DetailsGloria 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 h... 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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Success!! The loan was 100% repaid