Update on Rina JaquelineRina, has decided on a new loan, with the intention of investing more in the business buying a greater variety of new clothes, blouses, casual clothing for men, and underwear. With this merchandise she hopes to have greater acceptance with her customers.
The results of the previous loan were positive because it helped her to maintain the sales and generate profits, and a result helped her family. The family nucleus is maintained, and she is eager to continue working in the same way.
El efecto que tuvo con el préstamo anterior fue positivo pues le ayudó a mantener el negocio de las ventas y ha podido generar ganancia para ayudar a su familia, el núcleo familiar se mantiene, y cuenta con mucho entusiasmo para seguir trabajando de la misma manera.
Previous Loan DetailsRina lives with her husband. Her business is selling men's, women's and children's clothes (shorts, skirts, pants and blouses). She sells her products every day in the market. Her husband helps her and she has been in this business for two years. Rina needs this loan to buy more merchandise… More from Rina Jaqueline'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.
About El Salvador
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Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- May 14, 2012
- Jun 10, 2012
- Currency Exchange Loss:
- Jun 18, 2013
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.