Update on MarioMario is a very hardworking and enterprising person who's getting ahead thanks to his job. He gives his family everything he can according to his possibilities.
He's a returning Kiva client. He says the previous loan helped him be able to stock his business and continue giving his customers a wide variety.
This time he's requesting a loan to invest once again in buying supplies for his store, such as sugar, yerba mate, charcoal, beverages, and other supplies.
He's very grateful for the opportunity he's receiving again, which will be a big help to him to continue growing.
El es un cliente recurrente de Kiva, y cuenta que el crédito anterior le sirvió para poder surtir su negocio y seguir dando buena variedad a sus clientes. Esta vez solicita nuevamente un crédito para volver invertirlo en la compra de insumos para su despensa, como ser azúcar, yerba, carbón, bebidas en general y otros insumos.
Esta muy agradecido por la oportunidad que esta recibiendo nuevamente, lo cual le sera de mucha ayuda a seguir creciendo.
Previous Loan DetailsMario is 55 years old, he lives with Amelia, aged 54, in the town of Itá and they have 5 children: only the youngest daughter lives with them, while the other children are all economically independent. Mario has been running a small store in his house for more than 10 years, where he sells every... More from Mario'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