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Francisca

Update on Francisca

Sra. Francisca is a hardworking, enterprising person. Thanks to her previous loan from Kiva she has been able to better stock her store with all the items she needed. She is once again asking for a loan from Kiva and the Fundación Paraguaya so she can buy rice, pasta, sugar, yerba (a herb), and drinks at wholesale prices. In this way she will have a well-stocked store and will earn more money.

Francisca is grateful to the Foundation and Kiva for providing this new opportunity.
View original language description ↓
La Sra. Francisca es una persona muy trabajadora y emprendedora, gracias al crédito anterior que obtuvo de kiva pudo abastecer su negocio con productos que necesitaba para la venta. Esta vez vuelve a solicitar la ayuda de Kiva y de fundación paraguaya para poder comprar arroz, fideo, azúcar, yerba y bebidas en Gral. en forma mayorista, ya que de esta forma podrá estar bien abastecida y a la vez tener mejores ingresos.
Ella agradece a la fundación y kiva por esta nueva oportunidad que le están dando.

Previous Loan Details

Francisca L. is 49 years old. She has two daughters aged 5 and 31. Francisca owns a small grocery store. She sells all types of goods such as rice, pasta, meat, dairy products, etc. In addition to this business, Francisca also prepares fast food with the help of her eldest daughter. Fran... More from Francisca's previous loan »

Additional Information

About Fundación Paraguaya

Fundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.

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 Paraguay

  • $8,400
    Average annual income
  • 92
    View loans »
    Paraguay Loans Fundraising
  • $31,538,050
    Funds lent in using Kiva
  • 4,255.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Francisca to buy rice, pasta, sugar, yerba, drinks etc.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2012
Listed
Apr 27, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013