Update on LuciaLucia is from the city of Pilar. She is dedicated to selling bakery products which she makes and offers for sale. She has worked at this trade for more than 5 years, and it has enabled her to maintain her family, giving them what they need.
She comments that with her previous loan from Kiva, she purchased various inputs for making her baked goods, and it was a great help. Today, she is requesting a new loan to be able to invest in purchasing more wheat flour, yeast, eggs, and other ingredients, so she can continue working as she has been.
Comenta que su préstamo anterior de kiva lo uso para la compra de insumos varios para elaborar sus panificados, lo cual le fue de mucha ayuda. Hoy pide de un nuevo préstamo para poder invertirlo en la compra de harina, levadura, huevos, y demás y así seguir trabajando como lo viene haciendo.
Previous Loan DetailsLucia is married. She is 45 years old and lives in Guarani neighborhood, in the city of Pilar. She owns her own home and has the basic conditions she needs to carry out her business activities in the heart of her family. She owns her own transport (a motorbike and a motorbike for carrying… More from Lucia'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