Update on EloisaEloisa is a great seamstress. She’s growing thanks to the work she’s doing. She’s very hardworking and enterprising. She’s very grateful because thanks to her previous Kiva loan she was able to buy supplies for her small workshop thus satisfying customer requests and filling orders received.
Today, she’s requesting another loan to buy fabric and thread once again and thus continue investing in her enterprise which is her family’s source of support. She is grateful for this new opportunity she’s getting which will be of great help to her.
Hoy solicita de nuevo otro crédito para poder invertirlo de nuevo en la compra de telas e hilos, y de esa forma seguir invirtiendo en su emprendimiento, el cual es el sostén de su familia. Agradece por esta nueva oportunidad que esta recibiendo, que le será de mucha ayuda.
Previous Loan DetailsEloisa is a widow who has 4 grown children, one of whom is working in another country. She is a dressmaker who has a small sewing workshop where she works hard every day. She started in this line of work with a friend who taught her how to sew. Her eldest son helped her with his work to buy h... More from Eloisa'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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