Update on Buena VenturaBuena Ventura is a hardworking person. This is his second loan with Kiva. He used the previous loan to purchase tires for his shop, and this enabled him to serve his customers and also fill orders that he had. He says that he wants to continue working because this is the only way he can help his family and provide them with what they need to continue growing. He is requesting this loan to purchase tires, which will enable him to improve his stock of products and continue meeting customer demand. He is grateful for this new assistance that he is receiving.
Solicita este crédito para poder invertirlo en la compra de cubiertas con lo cual podrá mejorar su stock de productos y seguir cumpliendo con la demanda de sus clientes. Agradece por este nueva ayuda que recibe.
Previous Loan DetailsSeñor Buena is 45 years old. He is married to Señora Sergia, aged 51. They live in their own home and have two children. He has had a tire shop for more than five years, and his wife works in handicrafts making bedspreads that she then sells in the areas. Buena is a very self-sacrificing ma... More from Buena Ventura'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
- 13 months (Additional Information)
- Repayment Schedule
- Apr 24, 2013
- May 25, 2013
- Currency Exchange Loss:
- Apr 16, 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.