Update on ReinerioReinerio has been a client of the foundation for several years. He is single and lives in the city of Luque. He has had a taxi and been working independently for two years. He has successfully completed five loan cycles with the foundation.
Reinerio is applying for another loan to buy a new taxi so that he can use it to increase his earnings. The loan will give him a better profit margin and help him raise his standard of living. He is grateful to Kiva and Fundación Paraguay because their help has allowed him to grow.
Solicita nuevamente un préstamo el cual quiere invertir en la compra de un nuevo taxi, para que de esa forma pueda explotarlo y tener mayores ingresos. Dicho préstamo le dará un mejor margen de ganancia a su actividad, lo que le ayudara a mejorar su nivel de vida. Él está muy agradecido ya que gracias a la ayuda de Kiva y de fundación paraguaya ha podido crecer mucho.
Previous Loan DetailsSr. Reinerio D. is a longstanding member of Kiva partner Fundación Paraguaya. He is single and lives in the town of Luque. In the past he was a driver at a taxi stand located in the centre of Luque, but now he has his own car and works independently. Reinerio would like a loan from Kiva to mainta... More from Reinerio'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
- 11 months (Additional Information)
- Repayment Schedule
- Aug 21, 2012
- Sep 20, 2012
- Currency Exchange Loss:
- Jul 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.