Update on Reina IsabelReina wants to buy herself more materials for her business, such as firewood, corn, lime and bags. She decided to do this because she believes that thgrough the loans she has succeeded in improving her business. The previous loan provided her with the necessary income to increase her inventory and continue production.
Everthing is still the same with her family. Her income has improved for covering some necessary family expenses.
En su familia todo se mantiene igual, sus ingresos si han mejorado para cubrir algunos gastos necesarios de su familia.
Previous Loan DetailsReina sells tortillas and vegetables. She lives with her sister and an aunt and is also a single mother of a 4 year old daughter. As well as selling tortillas and vegetables she raises pigs in her home. She is a hardworking woman who commits herself to maintain an income for her family.
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 16, 2012
- Jun 11, 2012
- Currency Exchange Loss:
- Mar 19, 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.