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Reina Del Carmen

Update on Reina Del Carmen

Reina has greater demand for the products that she sells in her store, but her current inventory is insufficient. For this reason, she decided to request a new loan in order to buy bread, cookies, sodas, juices, rice, beans, corn, sugar, eggs, and other products.

With her previous loan, Reina was able to strengthen her business and attract new customers by improving her milling service (grinding corn into cornmeal). Her family enjoys better living conditions and she was able to repay her debt.
View original language description ↓
Reina, tiene mayor demanda de los productos que tiene a la venta en la tienda y no es suficiente el inventario con que cuenta, por lo que se decidió a solicitar un nuevo crédito para comprar pan, galletas, gaseosas, jugos, arroz, frijoles, maíz, azúcar, huevos, etc.
Con el préstamo anterior fortaleció su negocio, atrajo nuevos clientes, mejoro el servicio del molino nixtamal, su familia está gozando de mejores condiciones de vida y ha logrado pagar su deuda.

Previous Loan Details

Reina runs a store and mill. She is married and has two children. They are 26 and 30 years old and not dependent upon her. She does not receive help from abroad. She started her business as a source of income for her family. She works on a schedule from 6:00 a.m. until 5:00 p.m. She wil... More from Reina Del Carmen'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.

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About El Salvador

  • $7,500
    Average annual income
  • 762
    View loans »
    El Salvador Loans Fundraising
  • $26,201,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,100 helped Reina Del Carmen to buy bread, cookies, sodas, juices, rice, beans, corn, sugar, eggs, and other products.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2014
Listed
Jul 8, 2014
Currency Exchange Loss:
N/A
Expired:
Aug 7, 2014