Update on MiguelMiguel has been married to Susan for a number of years. He is a taxi driver and she sells clothes. This is Miguel's second loan with Kiva and he is grateful as he was able to help his wife in her business with the last loan. He is requesting this loan to fix the bodywork and paint his taxi, so he can continue to provide good service to his customers. He is thankful for the help he is receiving.
Agradece por la ayuda que esta recibiendo.
Previous Loan DetailsMiguel has been married to Susana for several years. They have two minor children who are still in elementary school. Miguel is a taxi driver. He has his own vehicle, which he bought with much effort and sacrifice. In addition to his work, his wife, Susana, works selling clothes that she ge... More from Miguel'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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