Update on FranciscaSra. 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.
Ella agradece a la fundación y kiva por esta nueva oportunidad que le están dando.
Previous Loan DetailsFrancisca 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.… More from Francisca's previous loan »
About Fundación ParaguayaFundación 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.
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Success!! The loan was 100% repaid