Update on SilvinaSilvina, thanks to the previous loan, has been able to stock up her business and offer better attention and variety to her customers. She says that the help that Kiva and Foundation Paraguaya have given her has been very useful, not only to her but also to her children.
She asks for a new loan to be able to again stock up her store with all kinds of products like drinks, vegetables, meat, sausage, and more, and thus continue offering her customers a good variety of products.
Ella solicita nuevamente un crédito para poder surtirse nuevamente con todo tipo de productos, como ser bebidas, verduras, carne, embutidos y demás y así seguir dando a sus clientes una buena variedad de productos.
Previous Loan DetailsSilvina has been a merchant for over 5 years. She has a well stocked store in Coronel Oviedo’s 1 de Marzo neighborhood. She’s been married to Aníbal for 18 years and they have three children. She comments that the best way to get ahead is to respect yourself and help each other in the fami... More from Silvina'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