Update on VictorVictor is a person who, through a lot of work and effort, is getting ahead. This is his second loan with Kiva, and he says that his previous loan helped him to stock his business and thus offer good service to his customers.
He is applying for this new loan in order to invest it in purchasing sprockets, chains, pinions, axels, etc., and thus continue giving his customers everything they ask for.
He is very grateful for the opportunity he is getting, since he will be able to continue growing and improving in order to help his family.
Solicita de este nuevo crédito para poder invertirlo en la compra de corona, cadena, piñón, ejes etc., y así seguir dando a sus clientes todo lo que le piden. Esta muy agradecido por la oportunidad que esta recibiendo, ya que podrá seguir creciendo y mejorando para ayudar a su familia
Previous Loan DetailsVíctor has been working as a mechanic for more than ten years. He has a bicycle and motorcycle workshop and wash. He is married to Florentina and the couple have two children. He says that they are a very hard-working family who all help each other to get ahead in life. Víctor says that he ... More from Victor'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
- 14 months (Additional Information)
- Repayment Schedule
- Jun 19, 2013
- Jul 21, 2013
- Currency Exchange Loss:
- Apr 16, 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.