Update on Francisco GabrielFrancisco is 53 years old and says that he has been in the hair salon business for the past 25 years. He sacrifices a lot and is working hard to be able to help his family. He says that his previous loan was used to buy inputs for his salon, which helped him provide better service to his customers. He is asking for this loan so that he can invest again in his purchase of products for his beauty salon, such as dyes, shampoo, rinses and more, so that he can continue with his work.
Pide este préstamo para poder invertirlo nuevamente en la compra de insumos para su salón de belleza, como ser tintes, shampoo, enjuagues y demás, para poder seguir con su trabajo.
Previous Loan DetailsFrancisco is a hairdresser who, through his work and sacrifice, has been able to get ahead and improve his income. He wants to continue his line of work and become an important small business owner. Thanks to the support he has received he has been able to improve his lifestyle on a daily basis.… More from Francisco Gabriel'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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