Update on IrmaIrma, age 22, is single and from the city of Lambaré. She says that she has a shop in the central part of town where she sews and sells women’s clothing and other types of garments.
Irma has been sewing since 2005 and the loan she is requesting will be used to buy fabrics, thread, buttons, zippers, and other items so that she can continue her production. She is a very hardworking young woman who wants to move forward so that she can grow. Irma appreciates the opportunity she has received since it will allow her to continue growing and improving her life and that of her family.
Irma se dedica a la costura desde el año 2005 y el crédito que solicita es para la compra de telas, hilos, botones, cierres y demás, y con ello seguir con su producción. Ella es una joven muy trabajadora que quiere salir adelante para poder crecer.
Agradece por la oportunidad que ella está recibiendo, ya que de esa forma podrá seguir trabajando y mejorando su vida y la de su familia.
Previous Loan DetailsIrma is 21 years old and makes a living tailoring and selling clothing together with her family. She relies on several machines and the help of her family to perform her tailoring jobs. She sells these in a commercial shop. She is a young person with many goals and dreams that desires to be ab... More from Irma's previous loan »
More information about this loan
This loan is designed for young people aged 15 to 25 whose families are living in poverty and who wish to start a new business or improve an existing business. As part of its Youth Entrepreneurship program, Fundación Paraguaya’s staff members offer mentorship, as well as training courses and workshops in finance and business administration. Borrowers also receive standard benefits like health coverage and life insurance. This type of loan is not offered by most other financial institutions in Paraguay. Young borrowers are often considered to be too risky because they lack prior credit history or business experience.
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
- May 22, 2013
- Jun 18, 2013
- Currency Exchange Loss:
- Aug 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.