Update on AldoAlso is currently 30 years old. He works selling things as a traveling salesman and sells all sorts of goods. And this is how he helps his family and gives them all that they need. He is a very hardworking person who wants to get ahead in life. He comments that, thanks to his earlier loan, he was able to stock-up his business. Now he is requesting a new loan to invest in buying bedspreads, blankets, tablecloths, and sheets, with which he can keep striving. He is grateful for this new opportunity that he is receiving to be able to keep growing his micro-enterprise.
Agradece por esta nueva oportunidad que esta recibiendo de poder crecer en su microemprendimiento.
Previous Loan DetailsAldo is 28 years old, single, and lives with his mother in the city of Carapeguá. From a young age he started going out to sell bedspreads that he and his mother and father made themselves. They would travel through many parts of the country, such as Asunción, Ciudad del Este, and also in the… More from Aldo'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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This loan has been fully funded!
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- May 13, 2014
- Jun 21, 2014
- Currency Exchange Loss:
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.