Update on JorgeJorge is studying to be a good biochemist who will be useful to society through the service he wants to offer. He states that his previous loan was used to cover his college tuition, which was very helpful and allowed him to continue striving. Today, he is asking for another loan to use for his college tuition because it will be very helpful to continue studying and working towards his goals.
Hoy pide devuelta un préstamo para poder invertirlo nuevamente en las cuotas de su universidad, ya que le será de mucha ayuda para poder seguir estudiando y luchando por sus metas.
Previous Loan DetailsJorge is 21 years old and is studying for a degree in Biochemistry. He began his studies two years ago and says that it is a very difficult field. He is supported by his parents, who own their own bakery. With a lot of hard work, they are able to cover some of the costs of his schooling, includin... More from Jorge'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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