Update on Reina MargaritaReina has decided to apply for another loan because of the good results that she has had. On this occasion, she will invest in the purchase of staple grains such as beans, corn, coffee, and other products to stock her inventory.
Her previous loan helped her to strengthen her business, with which she had more income, a greater influx of customers, and a better economic situation to meet her financial obligations.
El crédito anterior le ayudo a fortalecer el negocio con lo que tuvo mejores ingresos, mayor afluencia de clientes y una mejor economía para cumplir con los compromisos económicos.
Previous Loan DetailsReina has a store where she sells various products. She is 51 years old. She is married, lives in her own home, and enjoys her children who are in school. Reina sells staple products. She has ten years experience working in this profession, which she does every day from 6:00 a.m. to 8:00 p.m., ... More from Reina Margarita'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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