Update on Maria MartaMaria says that thanks to the previous loan that she received from Kiva, they were able to provide better products to their customers, and they were able to grow sufficiently. They are very grateful for this support.
Today they are once again interested in asking for further assistance. They want to invest again in their store to be able to stock it with more products and a variety of supplies such as beverages, dairy products, vegetables, and other supplies. She is very grateful for the new opportunity that she's receiving since it will a great help to her.
Hoy nuevamente se acercan para pedir otra ayuda, la cual quieren volver a invertir en su despensa para poder surtirla con mas productos y variedad de insumos, como ser bebidas, lácteos, verduras y demás insumos. Esta muy agradecida por la nueva oportunidad que recibe, pues le será de mucha ayuda.
Previous Loan DetailsSeñora Maria has been married to Señor Sindulfo for several years, They have four young children who are still in primary school. Together they set up a store in their home, which is located in a highly-populated neighborhood in the area. They began with a small amount of capital which they go... More from Maria Marta'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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Success!! The loan was 100% repaid
- Repayment Term
- 15 months (Additional Information)
- Repayment Schedule
- Dec 21, 2012
- Jan 19, 2013
- Currency Exchange Loss:
- Mar 17, 2014
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.