Update on SandraSandra is a hardworking woman getting ahead due to her hard work, selling shoes and other products to improve her life. Thanks to her previous loan she was able to expand her business and offer her customers a large variety of products.
She is requesting this new loan to invest in buying dresses, two piece garments and shoes for children, and thus be able to offer a better variety to her customers, as she has been doing this far.
Pide de este nuevo préstamo para poder invertirlo en la compra de vestiditos, conjuntitos y calzados para criaturas, y de esa forma poder ofrecer una mejor variedad a sus clientes, de la misma forma en la que viene haciéndolo.
Previous Loan Details37-year-old Sandra is a saleswoman. She is married to 36-year-old Norman who is a university professor and lawyer. The couple have a 7-year-old daughter who attends school. Sandra started her sales business with the help of her husband who earns a regular salary. She started out selling f... More from Sandra'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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- Repayment Term
- 15 months (Additional Information)
- Repayment Schedule
- Feb 20, 2014
- Mar 29, 2014
- Currency Exchange Loss:
- Apr 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.