Update on Reina ElizabethReina has opted for a new loan to continue selling tortillas. She will buy corn, propane gas and a new griddle. With these supplies she’ll have enough for a time so she can improve her sales. She considers that with her investment of the previous loan she was able to meet customer demand which has led to income to cover family costs; she’s also built a new room onto her house.
Ella considera que con la inversión del préstamo anterior, pudo satisfacer la demanda de los clientes, con lo que ha tenido ingresos para cubrir los gastos familiares, ha construido un nuevo cuarto en su casa.
Previous Loan DetailsReina makes a living selling tortillas. She lives with her husband and two sons who are now adults. The sale of tortillas is how her family makes an income - it is how Reina supports them. She is seeking a loan to purchase corn, wood, and plastic utensils which are necessary to store the… 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
- 10 months (Additional Information)
- Repayment Schedule
- Nov 16, 2012
- Dec 4, 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.