Update on ClemenciaClemencia has had a grocery store for more than 10 years. She is an excellent client who has been able to continue growing her business thanks to the help which the Fundación Paraguaya gives her. Thus she is able to look after her family and gives them everything they need so they do not suffer any hardship. She used her first Kiva loan to buy supplies for her grocery store. Today she is asking for another loan to be able to buy fruit, vegetables, rice, sugar, noodles and other grocery essentials so she can continue working. She is grateful for the new opportunity she is being given.
Su perimer crédito de Kiva lo utilizó en la compra de insumos para su despensa, hoy solicita de nuevo otro crédito para poder invertirlo en la compra de frutas, verduras, arroz, azúcar, fideos, y demás productos de primera necesidad para seguir trabajando. Agradece esta nueva oportunidad que esta recibiendo.
Previous Loan DetailsClemencia lives in her own house with her spouse; she has four children three of whom were forced to seek employment abroad. She has a grocery store and butcher shop where she sells all types of products for personal hygiene, cleaning supplies, non-perishable food items and meat in the butcher… More from Clemencia'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