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Update on Palmira

Palmira is an artisan, a woman with much talent, who is growing and moving forward thanks to the fact that she is very skillful in what she does. This is her second Kiva loan, and the previous one she used to buy thread, dye, and other supplies that she used to make her crafts.

Today she is requesting a new loan to be able to invest in the purchase of thread, colored thread, needles, and further supplies to be able to continue making her crafts and continue growing as she has been.
View original language description ↓
Palmira es artesana, una mujer con mucho talento, que esta creciendo y saliendo adelante gracias a que es muy hábil en lo que hace. Este es su segundo crédito en Kiva, y el anterior lo utilizo para comprar hilo, color y otros insumos que utilizo para hacer sus artesanías.
Hoy solicita de un nuevo crédito para poder invertirlo en la compra de hilos, hilos de colores, agujas y demás insumos para poder seguir haciendo sus artesanías y seguir creciendo como lo viene haciendo.

Previous Loan Details

Palmira, 36, is a single mother and lives in the city of Carapeguá. She is the daughter of a well-known craftswoman in the area and has worked with her mother in the business since she was a child. With her help she has set up her own business selling bedcovers and hammocks. She currently has... More from Palmira's previous loan »

Additional Information

About Fundación Paraguaya

Fundación 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.

About Paraguay

  • $8,400
    Average annual income
  • 53
    View loans »
    Paraguay Loans Fundraising
  • $33,516,125
    Funds lent in using Kiva
  • 4,479.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Palmira to buy thread, colored thread, needles, and further supplies.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Jun 19, 2013
Jul 23, 2013
Currency Exchange Loss:
Jan 17, 2014
This photo was used before for a previous loan for Palmira. It was first posted on Kiva on Jan, 2013. Learn More