Update on Reina IsabelReina is requesting a new loan to invest in her tortilla business, because these loans are a source of financing that will allow her to have financial success. This loan will enable her to purchase a griddle to make pupusas (a traditional dish made with thick corn tortillas), and corn, cheese, pork, and other products.
With her last loan, Reina was able to expand her inventory and obtain better earnings to support her family and the household expenses. Her family's economic situation and financial condition have improved.
El crédito anterior le permitió incrementar sus inventarios y obtener mayores ingresos para aportar a su familia y para los gastos del hogar. Las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsReina wants to keep working and improving her business. For this reason, she is requesting another loan to buy corn, firewood, vegetables, and other necessary items to keep her business stable. She will also buy fresh vegetables to offer her customers. Reina's last loan helped her to keep her… More from Reina Isabel'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.
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Success!! The loan was 100% repaid