Update on AntonioAntonio is a vendor, and with the sales that he makes, he fights to give his family all that they need so they don't have to go without necessities. He says that he used his previous loan to be able to buy handicrafts to sell, which helped him very much. Today he is requesting a new loan to invest in the purchase of more handicrafts to continue struggling and growing as before.
Hoy pide de un nuevo préstamo para poder invertirlo en la compra de más artesanías, y así seguir luchando y creciendo como lo viene haciendo.
Previous Loan DetailsSr. Antonio is from Ndavarú de Carapeguá. He is married to Sra. Felicita Mendoza, who is a weaver of handmade quilts. They live in their own home and have three children, all of whom are adults. Sr. Antonio joined Fundación Paraguaya in 1994 and has established a good credit history. This ... More from Antonio'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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