Update on RamonaRamona makes a living cooking and selling delicious chipas (local, traditional cheesey-bread creations), and thanks to her previous Kiva loan, she has been able to continue with her business. She is a very hardworking woman who is dedicated to her business and supporting her family. Her husband also helps out with household expenses as he is able.
Thanks to her previous loan, Ramona has expanded and improved her overall business as well as the quality of her products. She plans to use the support from this loan to purchase cheese, flour, starch, yeast, eggs and other ingredients for making her delicious chipas. She is very grateful for this opportunity.
Ella esta agradecida, ya que gracias a su anterior crédito ha podido crecer un poco más y mejorar también su producción. Hoy solicita de un nuevo crédito para la compra de quesos, harina, almidón, levaduras, huevos y otros con lo cual seguirá con su producción de chipas. Agradece por esta nueva oportunidad que estan recibiendo.
Previous Loan DetailsRamona, age 48, is married and has two minor children who go to school. She lives in her modest house in the city of Mariano Roque Alonso. Ramona sells cheese buns. She has had her own cheese bun bakery for approximately ten years. That is where she makes the cheese buns that she sells. Sh... More from Ramona'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
- Repayment Term
- 15 months (Additional Information)
- Repayment Schedule
- Mar 19, 2013
- Apr 19, 2013
- Currency Exchange Loss:
- Jun 17, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.