Update on MargaritaMargarita is now 38, and she lives with Gregorio, who is 40. They both work buying and selling clothing and home furnishings on instalments. They are a couple who are struggling to improve their living conditions.
She comments that, thanks to her previous loan, she was able to buy clothes to sell, and with it she could improve customer orders. Today she is asking for a new loan so she can buy more clothes to sell, and carry on improving her life in this way.
Comenta que gracias a su préstamo anterior pudo comprar prendas para la venta, y con ello pudo mejorar los pedidos para sus clientes. Hoy pide un nuevo préstamo para poder comprar más prendas para la venta y de esa forma seguir mejorando su vida.
Previous Loan DetailsMargarita is 35 years old, married, and has three young children. She lives in her own house in the city of Caacupé. She works selling clothes and shoes. By means of this work, she has been able to generate a little more income with which she helps her husband. She is happy that, by working, she… More from Margarita'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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