Update on SantiagoSantiago is a very hard-working person who has been trying his hardest ever since he was young. He got his start by working as a street vendor and through a great deal of effort he succeeded in setting up his eatery and beverage store. Nowadays he already owns a business with a large clientele that always comes to his store.
He wishes to keep on working, and that's why he works as hard as he can in order to get ahead. He requests this loan in order to purchase meat, condiments, vegetables and other supplies so that he can use them in his eatery. That way he'll continue to provide good service for his customers. He gives thanks for the opportunity he's getting.
El quiere seguir trabajando, es por eso que se esfuerza al maximo por salir adelante.El solicita de este crédito para la compra de carne, condimentos, verduras y demás insumos para poder utilizarlos en su comedor y de esa forma seguir dando un buen servicio a sus clientes. Agradece por esta oportunidad que esta recibiendo.
Previous Loan DetailsSantiago is from the city of Santaní. He’s married and has children. He is a very hardworking, responsible, very honest man. According to what he told us he started out working as a gofer on a motorcycle. His dream has always been to have an eatery and to sell beverages in general at home and… More from Santiago'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
- Apr 29, 2013
- May 27, 2013
- Currency Exchange Loss:
- Jul 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.