Update on Reina DorisReina is requesting a new loan to continue investing in her food stall and to have all the supplies she needs. With the previous loan she will be able to buy juices, churros, cookies, sodas, chicken sandwiches, and ingredients for pupusas [a thick corn tortilla stuffed with cheese, fried pork rind, chicken, or refried beans] among other things. She invested the previous loan in her store and managed to stock up on a wider variety of products. Her family circumstances are stable as well as her financial situation.
El crédito anterior le ayudo a invertir más en la tienda, ya que logro surtirlo de diversos productos. Las circunstancias familiares se mantienen estables, asimismo las condiciones económicas.
Previous Loan DetailsReina lives with her husband and three children. She runs a food stall where she sells items such as juice, snacks, and pupusas [a thick corn tortilla stuffed with cheese, fried pork rind, chicken, or refried beans]. Her business is located in the downtown area and she has a good client base. Sh... More from Reina Doris'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 23, 2013
- Apr 28, 2013
- Currency Exchange Loss:
- Nov 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.