Update on IgnacioIgnacio is a person who is fighting to be able to get ahead and improve his and his family's life conditions. He says that this is his third loan with Kiva and that he used the last one for the purchase of baked goods to sell.
Ignacio requests this loan to be able to again buy more baked goods, which will allow him to continue with his sales as he has been doing. He appreciates this new opportunity that he is receiving.
Ignacio pide este préstamo para poder comprar nuevamente mas panificados, que le permitirá seguir con sus ventas como lo viene haciendo. Agradece por esta nueva oportunidad que esta recibiendo.
Previous Loan DetailsIgnacio is a hardworking individual who has been able to move forward through effort and sacrifice. His wife helps him and they have been able to get ahead. His previous loan was used to buy covers for his minibus, which allowed him to continue working and providing good service to his customer... More from Ignacio'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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