Update on LuisLuis is studying to be a veterinarian. He is a person who works extremely hard in order to accomplish his goals and dreams. He says that he used his previous loan to buy study materials, and that it has been a great help.
He is now requesting a new loan because he wants to pay his university tuition and keep studying. He is grateful for this opportunity; it will be a great help to him.
Hoy pide un nuevo préstamo ya que quiere pagar las cuotas de su universidad, y de esa forma poder seguir estudiando. Agradece por esta oportunidad que esta recibiendo y que le será de mucha ayuda.
Previous Loan DetailsLuis is a young man from the city of San Ignacio. He's studying to be a veterinarian in one of the best universities in the country. He says his dream is to be able to help the animals he loves so much. He works hard for his family, so he can give them a little help through his profession.… More from Luis'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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