Update on Reyna LizzetteReyna needs a new loan, since she is currently without income and needs to make money. She will in invest the funds in pants, blouses, dresses and underwear for her business. She hopes that this investment will bring stability to the business.
With her previous loan she was able to make profits with this same business. Her family circumstances have improved a little, and she has been able to maintain her business, since she was able to get the credit that she needed.
El préstamo anterior le genero ganancias, porque del mismo negocio cancelo dicho préstamo. Las circunstancias familiares han mejorado un poco y su comercio se mantiene en el mercado, agradece de ante mano le concedan el crédito porque lo necesita.
Previous Loan DetailsReyna lives with her husband and three children. She is married and the owner of a clothing shop. This business was established through her own initiative. She operates her business from 7am to 5pm, every day. Reyna is requesting a loan to buy merchandise for her business such as women’s... More from Reyna Lizzette'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
- 14 months (Additional Information)
- Repayment Schedule
- Mar 11, 2013
- Mar 22, 2013
- Currency Exchange Loss:
- Jan 18, 2014
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.