Update on EnriqueEnrique is a regular Kiva client. Thanks to his previous loan, he was able to improve services and is now better-known and has more customers. He is grateful for the support, which helps him continue to expand and help his family.
He is applying for a loan to buy a car for work that will let him visit customers who live far away. He wants to buy a no-frills car, which will let him grow his business.
Solicita de este crédito para poder utilizarlo en la compra de un móvil para su trabajo, el cual le ayudará mucho para visitar a clientes que viven lejos, quiere comprarse un modesto auto y así ir creciendo de a poco.
Previous Loan DetailsEnrique, 36, is single. He is a vehicle electrical systems specialist by profession; he’s been in this occupation for over 12 years. He lives in his parents’ house and works independently in his brother’s shop who is in the same occupation. Enrique relates that he started working in this sin... More from Enrique'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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