Update on CristhianCristhian, 24, continues to work in the sale of handicrafts, and it is through this work that he gets along and earns a living. He used his previous Kiva loan to buy hammocks, blankets, woven sashes and other things, which he sold making himself a better income.
He is now asking for a new loan to buy sheets, duvets, hammocks and others, so he can carry on with his sales, working hard and striving to get along.
He is grateful for this new opportunity that he is receiving
Hoy pide un nuevo préstamo para poder comprar sabanas, sobrecamas, hamacas y otros, y de esa forma poder seguir con sus ventas, luchando y trabajando. Agradece por esta nueva oportunidad que esta recibiendo.
Previous Loan DetailsCristhian is a young man who is 22 years of age. He is single and lives in the city of Carapeguá. Since he comes from a family that is entirely devoted to producing and selling handicrafts, Cristhian decided that he would help his father sell these products. Over a short period of time, he was... More from Cristhian's previous loan »
More information about this loan
This loan is designed for young people aged 15 to 25 whose families are living in poverty and who wish to start a new business or improve an existing business. As part of its Youth Entrepreneurship program, Fundación Paraguaya’s staff members offer mentorship, as well as training courses and workshops in finance and business administration. Borrowers also receive standard benefits like health coverage and life insurance. This type of loan is not offered by most other financial institutions in Paraguay. Young borrowers are often considered to be too risky because they lack prior credit history or business experience.
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
- Apr 24, 2014
- Jun 2, 2014
- Currency Exchange Loss:
- Jun 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.