Update on Reina GuadalupeReina is requesting a new loan so that she can improve her business of selling pupusas. The loans have been a financial resource that has helped with optimizing her earnings. This loan will enable her to buy tomatoes, corn, pork skins, beans, onions, cabbage, and other supplies for making pupusas.
Her previous loan allowed her to improve her sales and increase her clientele. Her family’s circumstances have become optimal, as well as her financial condition.
El crédito anterior le permitió mejorar las ventas y con ello aumento la clientela. Las circunstancias familiares se han optimizado y al igual las condiciones económicas.
Previous Loan DetailsReina sells pupusas, filled tortillas, and has no dependent children. She lives with her husband, who also works. She started her business to have an income source to pay expenses, and she works every day from 8.00am until 5:00pm. She also sells tacos and sodas. She is applying for a loan to buy… More from Reina Guadalupe'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
- Apr 9, 2013
- Apr 20, 2013
- Currency Exchange Loss:
- Oct 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.