Update on JosefaJosefa is a very hard-working person. By having a grocery store she has been able to continue working and with the income she makes she is able to cover the household costs. Her husband is the main breadwinner and he always supports her. She says the previous loan has been a great help as she was able to buy supplies to stock the shop.
Today she is asking for a new loan so she can buy more supplies for her grocery store. This will mean she can continue working and giving her customers everything they are looking for. She wants to buy vegetables, meat, fruit and other items.
Comenta que su anterior préstamo le ha sido de mucha ayuda, ya que compró insumos para poder surtir su despensa. Hoy pide de un nuevo préstamo para poder comprar mas insumos para su despensa, y de esa forma poder seguir trabajando y dar a sus clientes todo lo que piden.
Quiere comprar verduras, carne, frutas, vegetales y demás.
Previous Loan DetailsSra. Josefa is from the city of Santaní. She is 61 years old and married to Sr. Benjamin, age 65. All three of their children are adults who work independently.
Josefa has a food pantry in her home and has built up an established clientele. She is able to generate a good income and has... More from Josefa'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
- 14 months (Additional Information)
- Repayment Schedule
- Dec 13, 2013
- Feb 4, 2014
- 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.