Update on PablinaPablina is a very hard-working person who has a small stand selling snacks. Today she says that she also has a brickworks, and through both jobs she is managing to get ahead in life. She stands out because of the effort and self-sacrifice she makes. She invested her previous loan in her snack stand, for the purchase of supplies to sell there.
Today she is applying for a new loan, but this time so that she can invest it in her brickworks, as she needs to purchase clay. She is grateful for this new opportunity she is receiving, as the loan will be a great help to her.
Su anterior crédito lo invirtió en su copetín, para la compra de insumos para vender en su puesto, hoy solicita otro nuevo crédito, pero esta vez para poder invertirlo en su fabrica de ladrillos, ya que quiere comprar arcilla. Agradece por esta nueva oportunidad que recibe, que le será de mucha ayuda.
Previous Loan DetailsPablina is 53 years old, single, and says that she has no children. Pablina’s family lives in the city of Caacupé and she says that she has had a snack shop in her house for the past four years. Pablina works a lot, especially now that the holidays are almost here when food and beverage sale... More from Pablina'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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