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Yaquel

Update on Yaquel

With the previous loan, Yaquel purchased a hairdryer as well as hair and nail care products for her business. She was able to set up her salon with the hairdryer and new products and change her life by offering a better service to her customers. Now she is requesting a new loan to put up a wall around the salon and to purchase more beauty products so she can keep doing the quality job her customers deserve. "I thank God and especially Kiva and ASPIRE for making my dreams come true and helping me fight," Yaquel said. Her plans for the future are to finish setting up her salon.
View original language description ↓
Con el prestamo anterio, Yaquel compró un secador de pelo, productos de pelo y de arreglo de uñas para el negocio. Yaquel cuenta que con ese préstamo se activó su negocio al colocar el secador de pelo y los nuevos productos y que cambió su vida al ofrecer un mejor servicio a sus clientes. Ahora está solicitando un nuevo préstamo por un monto de 15,900 pesos para poner una pared alrededor del negocio y comprar más productos de belleza para seguir haciendo su trabajo con la calidad que merecen sus clientes. “Doy gracias a Dios y de manera especial a KIVA y ASPIRE por hacer mi sueño realidad y ayudarme a luchar” expresa Yaquel. Sus planes para el futuro son terminar y acondicionar el local para su negocio.

Previous Loan Details

With a loan of 10,600 pesos, Yaquel will be able to buy products for her customers' hair care and nails. Yaquel started her business a year ago on her mother's recommendation after noting how beautifully she did her friends' hair. Yaquel is single, 20 years old, and has still not finished high sc... More from Yaquel's previous loan »

Additional Information

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 Dominican Republic

  • $9,700
    Average annual income
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $8,150,000
    Funds lent in using Kiva
  • 41.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Yaquel to put up a wall around her salon and to purchase more beauty products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2013
Listed
May 9, 2013
Currency Exchange Loss:
Possible
Ended:
May 28, 2014
This photo was used before for a previous loan for Yaquel. It was first posted on Kiva on Jul, 2012. Learn More