Update on GladisGladis continues to sell fruits and vegetables and she is one who works hard to get ahead. This will be her second Kiva loan and she says that she used the previous one to buy fruits and vegetables so she could work.
She is very grateful for the opportunity because it was very helpful and is asking for a new loan so that she can buy fruits and vegetables so she can continue her sales and support her family.
Esta muy agradecida por la oportunidad que recibió, pues le fue de mucha ayuda. Hoy pide de nuevo un crédito para invertirlo en la compra de variadas frutas y verduras, para que así siga con sus ventas y procurar el sustento de su familia.
Previous Loan DetailsGladis is from the city of Villarrica. She is 35 years old, and is a single mother. She lives in her own home, and has one child. She has a business selling seasonal fruits and vegetables in an itinerant manner. She makes deliveries to homes, house by house, because she has an established… More from Gladis'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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