Update on CesarCesar is a very hard working young man. Thanks to working as a street vendor and in the musical group he has he is helping his family. He has the income he needs to cover the day to day costs and he also is trying to improve his quality of life. He defines himself as a fighter who wants to get ahead.
He says that with the previous loan, he was able to buy a musical instrument for his group. Now he is asking for this loan to be able to invest it in for birthday parties so that he can grow. He is grateful for the opportunity he is receiving, since it will be a big help.
Cuenta que con su crédito anterior pudo comprarse un instrumento musical para su grupo musical, hoy solicita de este crédito para poder invertirlo en la compra de un globo loco para poder utilizarlo en la animación de cumpleaños y demás, y de esa forma poder crecer. Agradece por la oportunidad que esta recibiendo, ya que le será de gran ayuda.
Previous Loan DetailsCesar is from the city of Santani. He lives with his parents and is 29 years old. He is a traveling salesman and sells dry goods and medications in general. He also leads an orchestra that plays at different kinds of events. He characterizes himself as very hardworking person who wants to get... More from Cesar'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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