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Reina Elizabeth

Update on Reina Elizabeth

Reina is opting for a new loan because she considers a new investment in rice, sugar and beans to be necessary; these products are required for her business to function. This will make her better able to meet customer demand.

She was able to maintain her inventory with her previous loan and earned good profits. To date, her situation with her family is stable for they’ve succeeded in managing their funds and sales in the store well.
View original language description ↓
Reina, se ha decidido por un nuevo préstamo, considera necesaria una nueva inversión en la compra de productos comestibles como el arroz, azúcar, frijoles, estos productos son necesarios para la funcionalidad de negocios, esto le dará mayor seguridad para atender la demanda con sus clientes.

Con el préstamo anterior logró mejorar su inventario, de los cuales ha recibido buenas ganancias, hasta el momento tiene una situación estable con su familia, pues han logrado administrar bien sus fondos y las ventas del negocio.

Previous Loan Details

Reina lives at home with her two children, ages 5 and 2, and has been running a grocery store for several years. She sells essential goods such as rice, beans, and sugar and works Monday through Sunday. The loan will be used to stock her business so she can offer her customers more products s... More from Reina Elizabeth's previous loan »

Additional Information

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

  • $4,900
    Average annual income
  • 583
    View loans »
    El Salvador Loans Fundraising
  • $24,026,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Reina Elizabeth to buy stock merchandise for her store.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2012
Listed
Aug 15, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012
This photo was used before for a previous loan for Reina Elizabeth. It was first posted on Kiva on Dec, 2011. Learn More