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Ramona

Update on Ramona

Ramona 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.
View original language description ↓
Ramona se dedica a la venta de chipas y gracias a su crédito anterior de Kiva pudo seguir con su producción. Ella es una persona muy trabajadora que con gran esfuerzo y empeño esta saliendo adelante. Su esposo también la ayuda en lo que puede.
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 Details

Ramona, 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 »

Additional Information

About Fundación Paraguaya

Fundación 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.

About Paraguay

  • $4,555
    Average annual income
  • 74
    View loans »
    Paraguay Loans Fundraising
  • $30,204,950
    Funds lent in using Kiva
  • 4,129.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,325 helped Ramona to purchase cheese, flour, starch, yeast, eggs and other ingredients for making her food items.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2013
Listed
Apr 19, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2014
This photo was used before for a previous loan for Ramona. It was first posted on Kiva on Mar, 2012. Learn More