Update on Elsy ElizabethElsy is grateful for the help provided to her through Padecomsm's loans and their ease of payment, and has decided to request a new loan to buy sweets, drinks, bread, oil, eggs, sugar, salt, tomatoes, onions, chilli peppers, cabbages, etc in order to provide her customers with the best service.
Elsy used her previous loan to stock up her shop, which brought such benefits as new customers, and improved sales and profits. She is still supporting her family, but they now have a better living situation.
Con el financiamiento anterior Elsy surtió la tienda teniendo efectos positivos como nuevos clientes, mejores ventas y ganancias, la familia se mantiene igual pero viviendo en mejores circunstancias.
Previous Loan DetailsElsy learned from her mother to fight to get ahead. She is a single mother, has two children ages 17 and 12, and works in a store that offers basic needs and a variety of vegetables. She has had this business for 6 years to support her children. She works from 6:00 AM until 8:00 PM.
S... More from Elsy Elizabeth'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