Update on ReginaldoReginaldo is requesting a loan to stock his store with more products for the approaching season. He will buy candy, juice, soft drinks, flowers, lotions, and sugar, as well as other products to satisfy the demands of his customers.
The previous loan improved his inventory. During this period the father of his wife passed away. Apart from that, his family is doing well because of the income from the business, the desire to get better each day, and the approaching season.
Su efecto con el préstamo anterior, mejoro su inventario, durante este periodo presencio la muerte del padre de su esposa, por lo demás su familia se mantiene, los ingresos y el deseo de mejorar cada día y mas por la temporada que se acerca.
Previous Loan DetailsReginaldo will continue investing in his business as his desire to do well gives him strength. He is requesting another loan to buy materials for making artificial flowers: paper, dyes, wire and candles, as he would like to be able to offer his customers funeral floral arrangements. Reginaldo's… More from Reginaldo'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