Update on Reyna JudidThe communal bank “La Rosa de Guadalupe” meets twice a month in the city of Charapoto. This city is known for its traditional culture. In addition, two of the best beaches in the province are located a few minutes away – San Jacinto and San Clemente.
Reyna lives here. She is 62 years old, in a common-law relationship, and has three adult children, one of them still living at home. Her husband works in the drinking water business.
Reyna, in order to earn her own income and thus be able to contribute to the household expenses, has a stall at the market where she sells fruits and vegetables, working Fridays, Saturdays and Sundays from 5:00AM until 6:00PM. She also sells typical clothing on the days when she is not at the market. She sells the clothing in the city of Pedernales where she goes every Monday returning on Thursdays at noon, staying in that city to conduct sales and to collect payments as she extends credit and collects payment every eight days. She has been in business for more than fifteen years.
She is repeating her loan because this is how she can finance her businesses and get ahead. The previous loan helped her as she was very ill and the earnings helped her pay for medical expenses and medicine. Despite this, she was not late making her payments. This loan is to buy fruits and vegetables, and clothing so she can earn more profit. She has been with the communal bank more than two years and she likes the assistance the loans have given her.
Her dream is to have a store or a bazaar.
En este lugar vive la señora Reyna, tiene 62 años de edad, mantiene una relación de unión libre y de esta relación tiene tres hijos ya todos son mayores de edad, uno de ellos aun vive en su casa. Su marido trabaja en la empresa de agua potable.
Doña Reyna para ganar algo por su cuenta y con esto poder contribuir con los gastos del hogar se dedica al comercio, tiene un puesto en el mercado donde vende frutas y legumbres, trabaja los viernes, sabados y domingos desde las 5h00 hasta las 18h00, además de esto ella también vende ropa de todo tipo en los días que no está en el mercado, la ropa vende en Pedernales ciudad a la que viaja todos los lunes y regresa los jueves al medio día, se queda en esa ciudad realizando ventas y cobros ya que deja a crédito y cobra cada ocho días. Ella lleva más de 15 años dedicada al comercio.
Ella está repitiendo el crédito porque es así como logra financiar sus negocios y salir adelante, el crédito anterior le ayudo ya que estuvo bastante enferma y las ganancias le sirvieron para gastos de médicos y medicinas, a pesar de esto ella no tuvo atrasos en sus pagos. Este crédito es para comprar frutas, legumbres y ropa que es lo que más ganancias le dejan. Lleva más de dos años en el Banco y le gusta por la ayuda que le dan los créditos.
Su sueño es tener una tienda o un bazar.
Previous Loan DetailsThe Communal Bank “La Rosa de Guadalupe” meets every 15 days in the city of Charapoto. This city is known for its traditional culture. In addition, two of the best beaches in the province are located a few minutes away – San Jacinto and San Clemente.
It is in this place that one can mee... More from Reyna Judid'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.
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Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Oct 31, 2012
- Dec 1, 2012
- Currency Exchange Loss:
- May 17, 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.