Update on JuliánJulian’s a very hardworking person. He used to work selling charcoal and also worked in a metal shop. Today, thanks to his effort, he was able to stop working in that metal shop and become independent. He’s working in his own metal shop now and he thinks it has a good future.
He wants to continue working and growing and this is why he exerts such an effort. On this occasion he’s asking for the loan to buy solder for his metal shop. Once again, he’s grateful for his previous loan which was of great use to him.
El quiere seguir trabajando y creciendo, es por eso que se esfuerza mucho. Esta vez solicita del crédito para poder invertirlo en un soldador para su herrería, una vez mas agradece por el crédito anterior, ya que le fue de mucha ayuda.
Previous Loan DetailsEntrepreneur by nature, Julián is carrying on a small business selling charcoal from his home. Julián is a parent with children, and says that it is for his children that he always strives and does his best. He says that it is going very well, as lately the charcoal is much wanted and request... More from Julián'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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