Update on EnriqueSeñor Enrique is a very hardworking person. He has already applied for a Kiva loan in the past, which he invested in the purchase of supplies for his store in order to have it well stocked. He comments that the loan has been a great help to him, and it is for this reason that he is applying for a new loan.
He wants this loan in order to be able to continue stocking his store with more products, since the season in which he has more sales is getting close, and he wants to by beverages, foodstuffs, canned goods and other items.
He again appreciates the opportunity that he is once more receiving, since in this way he will be able to grow and continue helping his family.
Quiere este crédito para poder seguir surtiendo su negocio con mas productos, ya que se acerca la época donde mas ventas tiene y quiere comprar bebidas, comestibles, enlatados y demás.
Agradece de nuevo por la oportunidad que una vez mas esta recibiendo, ya que de esta forma podrá crecer y seguir ayudando a su familia.
Previous Loan DetailsEnrique is from Ciudad de Este. He has four school-age children. He has a small store where sales are increasingly on the rise, generating a good income. With the help of his wife and his entire family and with much sacrifice and hard work, they are getting ahead in life. He and his wife sacri... More from Enrique'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
- Nov 20, 2012
- Dec 17, 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.