Update on RaquelRaquel is a very hardworking woman. Through event decoration she is trying to be able to improve her and her family's quality of life.
This is her second loan with Kiva and she says and she says that the previous one was used to fill an order for center pieces that she had and not look bad to her customers.
She is asking for a loan again to be able to buy fabrics and use them for event decorations that she makes. She says that she dreams of enlarging her business and becoming a source of employment for people.
Este es su segundo crédito con kiva, y comenta que el anterior lo uso para la compra de materiales para poder cumplir con un pedido de centro de mesas que tenia, y así no quedar mal con sus clientes.
Pide nuevamente de un crédito para poder comprar telas, y así poder usarlas en las decoraciones de eventos que hace. Comenta que sueña con agrandar el negocio y dar fuente de trabajo a las personas.
Previous Loan DetailsRaquel, 38, makes a living decorating events and making party supplies for sale. Her husband, Eusebio, works as a driver for a public transportation company. They have a school-age child. Raquel began this job more than 12 years ago. At first she only did work for small birthday parties. I... More from Raquel'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
- Nov 21, 2013
- Dec 25, 2013
- Currency Exchange Loss:
- Jan 17, 2015
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.