Update on AmadoSr. Amado is a hardworking and enterprising individual who strives to keep growing. This is his second loan with Kiva. His previous loan was used to buy provisions for his small food pantry and it was a great help.
Amado is very grateful for the opportunity he received. As a result, he was able to make a slight improvement to his business and provide more variety to his customers. He is requesting a new loan so that he can buy fruits, vegetables, grains, dairy products, and other items to restock his business. This will allow him to continue growing and provide his customers with what they need.
Amado esta muy agradecido por la oportunidad que recibió ya que por medio de eso pudo mejorar un poco mas su negocio y dar mayor variedad a sus clientes.
Solicita esta nueva ayuda para poder comprar frutas, verduras, productos a granel, lácteos y demás para poder surtir su negocio y de esa forma seguir creciendo y dar a sus clientes lo que necesitan.
Previous Loan DetailsAmado is 65 years old and married to DelRosario. They have 3 children who are already grown and living on their own. He lives in a renowned area of the city of Itá, where he has had a well-stocked store for more than 30 years that his wife manages. There, they provide neighbors and friends wit... More from Amado'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
- 14 months (Additional Information)
- Repayment Schedule
- Apr 19, 2013
- May 21, 2013
- Currency Exchange Loss:
- Nov 17, 2013
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.