Update on Gladis EsterGladis needs to reinvest in her business, and because of the confidence the institution inspires in her, she chooses to request a new loan that will be of use to her in bouncing her business back and also making improvements to her home. She will buy oil, sugar, soap, detergents, rice, beans, drinks, sweets, etc., to keep her customers satisfied. Gladis says that with the previous investment she has kept her business functioning, maintained steady earnings, payed off her debt and that currently she has no problems with her business.
Gladis comenta que con la inversión anterior ha mantenido funcionando su negocio, mantiene ganancias estables, cancelo la deuda y que actualmente no ha tenido ningún problema con su negocio.
Previous Loan DetailsGladis is the proprietor of a store in which she has products for the basic family food basket available for her customers. It is with this that she has been able to cover the expenses of her family for all this time. She is a single mother, and her children are already independent. Her business… More from Gladis Ester'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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This loan has been fully funded!
- Repayment Term
- 26 months (Additional Information)
- Repayment Schedule
- Jun 24, 2014
- Jul 18, 2014
- Currency Exchange Loss:
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.