Update on MatildeMatilde is a very hard-working person, who explains that thanks to her effort she has been able to get ahead. The previous Kiva loan has been a big help to her and she is very grateful for it.
Today, she comes again, to be able to supply her general store with basic staples such as beverages, soft drinks, food products, canned goods and more, with which she will be able to continue offering a good variety and good prices to her clients. She is again grateful for the opportunity she is receiving because it will help her a lot.
Hoy acude nuevamente para poder surtir su despensa con insumos de primera necesidad, como ser bebidas, gaseosas, comestibles, enlatados y demás, con lo que podrá seguir ofreciendo buena variedad y buen precio a sus clientes.
Agradece nuevamente por la oportunidad que esta recibiendo, ya que le será de mucha ayuda.
Previous Loan DetailsMatilD. B. is 48 years old and married to 55 year-old Juan R.. They have two children who are in high school. MatilD. owns a grocery store and has been in this business for more than nine years. She started her business in around 2002. In order to have the necessary capital to set up her bu... More from Matilde'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