Update on FaustoFausto has been married to Andresa for several years. Fausto goes out to sell giblets on his own motorcycle, which he bought with great effort.
In addition to her work, Andresa works as a street vendor to help her husband with the household expenses. They live in their own house and are able to support it with their work. He has shown himself to be a very responsible and honest person in his commitments.
He's requesting this loan to buy giblets, to continue offering his customers a good variety.
Además de su trabajo, la Sra. Andresa trabaja como macatera para ayudar a su marido con los gastos del hogar. Ellos viven en casa propia y con su trabajo la pueden mantener. El ha demostrado ser una persona muy responsable y honesta en sus compromisos.
Solicita de este crédito para la compra de menudencias, y así seguir ofreciendo buena variedad a sus clientes.
Previous Loan DetailsMr. Fausto N. is a client of our bank from several years ago. He is married to Mrs. Andresa Bogado. They are the parents of three children and are located at Kilometer 7 New Town (Ciudad del Este) as of next Monday. Mr. Fausto is dedicated to the sale of offal by walking around the area. Throu... More from Fausto'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
- Oct 31, 2012
- Nov 23, 2012
- Currency Exchange Loss:
- Dec 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.