Update on ZoraidaZoraida has made a living in sales for 19 years. She has a well-stocked grocery store and is requesting a Kiva loan again. The previous one helped her a lot to be able to continue growing, improving her business, and giving her customers a good selection.
She wants to be able to buy beverages, milk, meat, baked goods, and other things to continue stocking her business and growing as a small businesswoman.
Quiere poder comprar bebidas, leche, carne, panificados y demás, con lo cual podrá seguir surtiendo su negocio y creciendo como microempresaria.
Previous Loan DetailsZoraida is married, she is 50 years old, and has 2 children who live with her, though both work and help her with household expenses. Zoraida is a merchant. She lives in the city of Itá, where she has a small, well-stocked grocery store. She provides her neighbors and occasional other customers all… More from Zoraida'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