Update on HeribertoHeriberto is a very hard-working and enterprising person who, thanks to a previous loan from Kiva, has been able to improve his work and also to fulfill various orders he received, by supplying his business well. He commented that the work he does is so that some day he will be able to have his own store and, therefore, be able to continue expanding his business.
Heriberto is requesting a new loan for the purchase of guitars, harps, hats and other merchandise to be able to continue meeting his customers' demands. He is grateful for the help he has received, since thanks to that, he has been able to improve his business greatly.
Heriberto solicita un nuevo préstamo para la compra de guitarras, arpas, sombreros y demás para poder seguir cumpliendo con la demanda de sus clientes. Agradece por la ayuda que ha recibido ya que gracias a esto ha podido mejorar mucho.
Previous Loan DetailsSeñor Heriberto is from the city of Luque. He is married to Señora Benita. They have two children who are in school. In the past he worked with his parents in the purchase and sale of merchandise, but now he sells guitars, sombreros, harps, and so forth. At this time he does not have his ow... More from Heriberto'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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