Update on Reina AdmitReina needs more working capital to continue investing in her business. This will make it possible for her to buy chickens, firewood, an industrial stove and leaves to provide better customer service.
Her previous loan helped her generate higher profits which led to her economic conditions and her family circumstances being optimized.
El crédito anterior le ayudo a generar mejores utilidades, es por ello que las condiciones económicas y las circunstancias familiares se han optimizado.
Previous Loan DetailsReina wants to increase her sales at this time of year when there is more demand. She will take advantage of the fact that at the moment, corn is available at a low price, in order to continue making tamales. She will also buy lard, cooking oil, leaves, condiments and other ingredients for running… More from Reina Admit'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