Update on IgnacioIgnacio is a hardworking individual who has been able to move forward through effort and sacrifice. His wife helps him and they have been able to get ahead. His previous loan was used to buy covers for his minibus, which allowed him to continue working and providing good service to his customers.
Today, Ignacio also has a van that he uses for delivering baked goods as a way of earning extra income. He is requesting this new loan so that he can buy baked goods to sell, which will allow him to continue growing and working.
Hoy también tiene un furgón en el cual reparte panificados, y con ello tiene ingresos extras. Solicita de este nuevo crédito para la compra de panificados para la venta, y así seguir creciendo y trabajando.
Previous Loan DetailsIgnacio is from the city of Santaní. He is married and tells us that his wife is a teacher. They are a hardworking and enterprising couple. Their goal is to work and through their work get ahead and progress. Ignacio tells us that he has a minibus in which he works with a transportation… More from Ignacio'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
- May 21, 2013
- Jun 18, 2013
- Currency Exchange Loss:
- Mar 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.