Update on ElvaElva is a very hardworking person, She works very enthusiastically to get ahead. Her goal is to continue working in her store and through her business keep giving her children what she wasn't able to have, as well as help her husband.
This is her second loan and she says that the previous one was used to be able to buy sugar, pasta, baked goods and other products. Today she is asking for a new loan to be able to buy flour, rice, sugar, etc. to be able to stock her store and keep working.
Este es su segundo crédito, y comenta que el anterior lo utilizo para poder comprar azúcar, fideos, panificados y demás productos, hoy solicita de un nuevo crédito para poder comprar harina, arroz, fideo, azúcar, etc. para poder surtir su despensa y así seguir trabajando.
Previous Loan DetailsElva is 37 years old and married to Sr. Cecilio, who is a police officer. Together they help one another with the household expenses. They have two children, so Elva and her husband work and strive to get ahead. Elva has a food pantry that she has managed for more than 10 years. She deci... More from Elva'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
- 15 months (Additional Information)
- Repayment Schedule
- Aug 27, 2013
- Sep 24, 2013
- Currency Exchange Loss:
- Nov 17, 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.