Update on OrlandoOrlando is a very studious person who wants to get ahead by making sacrifices and studying. He states that with his studies he hopes to open his own accounting practice so he can work. He used his previous loan to pay for university fees, which was very helpful.
He is now asking for a new loan to pay for university fees again and thus be able to continue to fight to reach his goal, as he has been doing. He is grateful for this new opportunity he is receiving which will be of tremendous help.
Hoy pide un nuevo préstamo para poder pagar nuevamente sus cuotas, y así seguir luchando por su meta como lo viene haciendo. Agradece por esta nueva oportunidad que esta recibiendo y que le será de mucha ayuda.
Previous Loan DetailsOrlando's from the city of Villarrica. He says is dream is to open an accounting business when he graduates so he can serve small, medium-size, and big businesses and help his family financially. His second achievement would be to have his own general store to generate work for his family mem... More from Orlando'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
- 15 months (Additional Information)
- Repayment Schedule
- May 16, 2014
- Jun 24, 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.