Update on GregoriaGregoria has a store in which she works every day, beginning very early in the morning. She is a fighter, and has sacrificed a lot; thanks to her efforts, she has been able to raise a family.
She used her previous loan to stock her store, which was really helpful. Now, she is asking for a new loan with which to buy sugar, flour, rice, and drinks. With this, she will again stock her store. She is very grateful for the opportunity that she has received.
Hoy pide este nuevo préstamo para poder comprar azúcar. Harina, arroz y bebidas y con eso poder surtir su negocio, agradece por la oportunidad que ha recibido.
Previous Loan Details51-year old Sra. Gregoria is single and has three children who are now adults and live away from home. She has run a small store out of her home for thirteen years. She started out selling basic necessities in the streets of her neighbourhood, and then used her savings to buy a stall, which later... More from Gregoria'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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