Update on BernardaBernarda is a hardworking, xxx person. In her store, every day she works from early morning until well in the evening. She says that, thanks to her previous loan, she was able to supply her business with a variety of products. Now she is asking for a new loan to be able to invest again in the purchase of products to stock her business with vegetables, canned goods, drinks, fruits and other items. She appreciates the opportunity to receive again the possiblity to grow.
Hoy pide un nuevo préstamo para poder invertirlo nuevamente en la compra de productos para poder surtir su negocio, con verduras, enlatados, bebidas, frutas y otros insumos. Agradece por la oportunidad que recibe nuevamente de poder crecer.
Previous Loan DetailsBernarda has been married to Ramón for a number of years. They have three young daughters who they work hard to provide for. Bernarda has her own business which she worked hard to set up. She has a well-stocked grocery store in which she works from very early in the morning. In addition, Ra... More from Bernarda'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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