Update on MelchoraMelchora says that she works every day starting very early in her store and butcher shop. With this business, she is getting ahead and helping her family. She is a very enterprising woman, who with a lot of hard work and sacrifice is getting ahead.
She says that with the previous Kiva loan she was able to stock a wider variety of products and offer her customers more things. Today she is back to ask for the loan to invest in buying vegetables, meats, beverages, and bulk products. This way, she can keep growing and improving her finances. She is grateful for this great opportunity that she is getting.
Ella comenta que con su crédito anterior de Kiva ha podido surtir con mas variedad de productos su negocio y así ofrecer mas insumos a ellos. Hoy vuelve a pedir del crédito para invertirlo en la compra de vegetales, carnes, bebidas, productos a granel, y de esa forma seguir creciendo y mejorando su economía. Agradece por la gran oportunidad que esta recibiendo.
Previous Loan DetailsMelchora is a shopkeeper whose business is located in her home. She has a well-stocked grocery store and butcher's shop and makes a lot of sales because she lives in a very busy area. She has an established customer base made up of passengers, soldiers, veterans, wage earners, etc. Her husband… More from Melchora'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
- May 29, 2013
- Jun 17, 2013
- Currency Exchange Loss:
- Jun 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.