Update on Victor SebastianVictor is a hard working person. He is a reoccurring client of Kiva and thanks to the previous loan he was able to buy replacement parts for his vehicle, which is his means of work. He works in the delivery of newspapers.
He is requesting another loan to invest in the purchase of new covers for his vehicle with which he will be able to continue working and completing the demand of his clients. He is grateful for the new opportunity that he is receiving because it will be of great help.
Solicita esta vez el crédito para poder invertirlo en la compra de cubiertas nuevas para su vehículo, con lo cual podrá seguir trabajando y cumpliendo con la demanda de sus clientes. Agradece por la nueva oportunidad que esta recibiendo, ya que le será de mucha ayuda.
Previous Loan DetailsVíctor is from the city of San Lorenzo; he’s separated. He’s a distributor of all the country’s newspapers and he also has a merchandise transportation firm. He started in this line of work with an uncle who had a merchandise distribution business. With much effort he was able to go off on his... More from Victor Sebastian'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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