Update on JoseJose is a hardworking person who does everything he can to help his family, provide his son with everything he needs, and prevent them from having to endure any hardship. This is his second loan. With the help of his previous loan, Jose was able to buy a rotisserie machine for cooking chickens, which helped him to attract more customers.
He is now requesting another loan in order to expand the shop he acquired so that he can keep growing and also provide good service to his customers. Jose is grateful for this new opportunity he has received, which will be of great help once again.
Hoy solicita de nuevo un crédito para poder ampliar un local que adquirió y de esa forma seguir creciendo y también dar un buen servicio a sus clientes. Agradece por esta nueva oportunidad que esta recibiendo, que le será de nuevo de mucha ayuda.
Previous Loan DetailsJosé lives in the city of Villa Elisa. He is 37 years of age, single, and has a son aged one year and two months. From a young age he worked in the wholesale food market, where he sold coffee for breakfast to the people who worked there. He did this for about 20 years. Later he bought a hotdog… More from Jose'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