Update on Reina ElizabethReina 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.
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 DetailsReina 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… More from Reina Elizabeth'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
- 32 months (Additional Information)
- Repayment Schedule
- Jul 11, 2012
- Aug 15, 2012
- Currency Exchange Loss:
- Dec 15, 2012
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.