Update on Rubidia MilagroRubidia wants to better stock her business so is once again asking for a loan to have the economic resources needed to buy vegetables and fresh fruit to strengthen the business. She will buy tomatoes, onions, avocadoes, watermelons, strawberries and pears among other varieties existing in the market.
She states that her previous loan had a positive effect in that it was a good investment. Her business was strengthened and it stayed afloat stocked with fruit and vegetables. Her family situation is stable at the moment. Profits from the business were used to cover her household needs. Her future goal is to add another line to her sales.
Ella manifiesta haber tenido un efecto positivo con el préstamo anterior que le ayudó a lograr una buena inversión, manteniendo fortalecido el negocio y surtido de frutas y verduras. Su condición familiar se ha mantenido hasta el momento, las utilidades recibidas del negocio le han permitido cubrir las necesidades de su hogar, a futuro su objetivo es agregar otro rubro de venta.
Previous Loan DetailsRubidia lives with her daughter and two grandchildren. She sells fruits and vegetables. She learned this business on her own over the last seven years, and has been picking up experience little by little since then. She is requesting a loan to purchase fresh fruits and vegetables, like apples,… More from Rubidia Milagro'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
- 10 months (Additional Information)
- Repayment Schedule
- Jun 16, 2012
- Jul 12, 2012
- Currency Exchange Loss:
- Mar 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.