Update on JuanJuan is a very hardworking person, who exerts himself in order to get ahead and grow his business. His car wash business has been growing and is improving over time.
This is Juan's second loan with Kiva. Thanks to his previous loan, he was able to improve his service a lot. He is requesting a new loan to invest in cleaning products so that he can continue to provide good service to his customers.
Juan appreciates this new opportunity that he is receiving, because once again, it will be a big help to him.
Este es su segundo crédito con kiva, y gracias al anterior ha podido mejorar mucho su atención, es por eso que solicita nuevamente otro crédito para poder invertirlo en la compra de productos de limpieza para poder seguir dando un buen servicio a sus clientes. Agradece por la nueva oportunidad que recibe, pues nueva,ente le será de mucha ayuda.
Previous Loan DetailsJuan is 33 years old, he lives in the town of Itá with his wife, who is a housewife and who cares for and educates their 3 children with deep love. Juan has been running a carwash for 13 years. He previously used to work for another person, but in time he has succeeded in buying his own tools an... More from Juan'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 27, 2012
- Dec 27, 2012
- Currency Exchange Loss:
- Jan 17, 2014
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.