Update on TeodoroTeodoro is a very hard-working person. Above all, he is very responsible. He says that thanks to the previous Kiva loan he has been able to gradually improve his business, and it is continually growing. His goal is to expand his business and to also be able to give work to other people.
He is requesting a new loan to buy paint and fillers that he will be able to use in his automobile body and repair shop. He is grateful for the new opportunity that he is receiving.
Solicita un nuevo préstamo para la compra de pinturas y masillas que podrá usar en su taller de chaperia y de reparación de automóviles. El agradece por la nueva oportunidad que esta recibiendo.
Previous Loan DetailsTeodoro is 53 years old and married to 50 year-old Nilda. They have four children: one daughter and three sons, who are currently in school. Teodoro started working as an apprentice when he was 13 years old. Since then he has been panel beating, painting and repairing cars. He says that as he… More from Teodoro'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
- Aug 23, 2012
- Sep 19, 2012
- Currency Exchange Loss:
- Oct 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.