Update on CandelariaThanks to her previous loan from Kiva, Candelaria was able to substantially improve her business and has had more customers. That's why today she's asking for a new one, since she would like to continue growing. She wants to buy flour, sugar, honey, yeast, and other ingredients in order to continue making her goods.
She appreciates the confidence extended to her.
La señora Candelaria se dedica a la venta de masitas, y comenta que tiene este negocio desde hace 10 años, empezaron muy poquito y actualmente creció bastante el negocio, cuentan con más clientes y siempre ayudado por su esposo y los hijos.
Solicita este préstamos para la compra de harina, miel, azúcar, condimentos y otros que serán utilizados en la producción de masitas, bollos, pasta frola, tortas y así poder cumplir con todos los pedidos que tiene.-
Previous Loan DetailsMrs. Candelaria, 38, has been married to Mr. Reinaldo, 39, for the last six years but they’ve been a couple living together for over 20 years. They have four children who are 17, 12, and 10 years old; the baby is 6 months old. Their oldest is in the second year of barber school, a career he’s b... More from Candelaria'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
- Repayment Term
- 15 months (Additional Information)
- Repayment Schedule
- Apr 23, 2012
- May 29, 2012
- Currency Exchange Loss:
- Jun 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.