Gricelda De Jesus
Update on Gricelda De JesusGriselda is in need of more capital to invest in her business of selling pupusas (a thick corn tortilla stuffed with cheese, fried pork rind, chicken, or refried beans). She will purchase tomatoes, cabbage, vinegar, oil, pork rinds, cheese, flour and other materials to continue working and serving her customers. The previous loan helped her improve her business's inventory, increase production and attract more customers. Now with a more stable financial situation, she has improved her home and her family now has a more comfortable life.
El crédito anterior le ayudo a mejorar el inventario del negocio, aumento la producción, atrajo más clientes, ya con su economía más estable ha mejorado su vivienda y su familia tiene una vida más confortable.
Previous Loan DetailsGricelda is married with one 14-year-old daughter. She does not receive support from abroad. She makes and sells pupusas [a thick corn tortilla stuffed with cheese, fried pork rind, chicken, or refried beans]. She started this business to support her family, and works from 4:00 pm to 8:00 pm. She... More from Gricelda De Jesus'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