Update on Laura ElizabethLaura is a very hardworking woman who is getting ahead by means of her business. Her previous Kiva loan was very useful to her since she could buy supplies for her beauty salon and thus give her clients good service.
Today, she is requesting a new Kiva loan to use to refurbish her premises and that way continue working and investing in improving her work. She is grateful for the opportunity she is receiving, which will be of much help.
Hoy solicita de un nuevo crédito en Kiva para poder invertirlo en refaccionar su local, y de esa forma seguir trabajando e invirtiendo en mejorar su trabajo. Agradece por la oportunidad que esta recibiendo, que le será de mucha ayuda.
Previous Loan DetailsLaura is 30 years old, a beautician, and lives with her parents and brothers. She has a beauty shop in the center of Ita city in which she works, with the help of her brothers. Laura began working in this profession with her mother some 10 years ago in her house, and with much effort, and thanks to… More from Laura Elizabeth'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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