Update on Gerardo RubénSr. Gerardo operates a cheese sales business. He says that a loan he received from Kiva and Fundacion Paraguaya funded his business and allowed him to pull himself up. For the future, he wants to build a larger business.
Sr. Gerardo is applying for a new loan that he will use to stock his business. The investment will make it possible for him to continue the business and support his family. He is grateful, he says, for your help.
El solicita nuevamente un crédito para poder invertirlo en la compra de queso, con lo cual podrá seguir ganado y ayudando a su familia. Agradece por la nueva oportunidad que esta recibiendo.
Previous Loan DetailsRubén is 24 years old; his partner is Miss Sandra Beatriz Samudio, 20 years old. They live in their own home, in the San Blás section of Caacupé, 52 km. from the capital. Rubén buys and sells Paraguayan cheese, the principal ingredient used to produce chipa. Every day he travels to the rural... More from Gerardo Rubén'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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- Repayment Term
- 18 months (Additional Information)
- Repayment Schedule
- May 29, 2012
- Jun 25, 2012
- Currency Exchange Loss:
- Jul 25, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.