Update on Andrea CarolinaAndrea is a woman who works very hard and sacrifices a lot so that she can continue striving to move forward. She says that her previous loan was used to stock various products for sale, which was of great help to her. She is a woman that fights day by day to be able to grow. She is requesting this loan in order to be able to buy various groceries, fruits, dairy products and more, so that she can continue working as she is doing now.
Pide este nuevo préstamo para poder comprar comestibles varios, frutas, lácteos y demás, ya que de esa forma podrá seguir trabajando como lo viene haciendo.
Previous Loan DetailsAndrea is a married woman living in the city of Pilar. She doesn't have any children and lives with her mother-in-law's. She owns a business where she sells day-to-day necessities. She owns her own house and her husband works as a vendor. Her store is very well known in the neighborhood, and so h... More from Andrea Carolina'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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