Update on FernandoIn spite of his young age, Fernando is very hard-working. He says that he has a veterinary/farm supply business, and he distributes soft drinks.
He started with a little stock of soft drinks. This gave him a good profit margin, and he set about distributing in the area. This way the path was opening up for him, and he now has very good clientele.
He used his previous Kiva loan to buy drinks, which helped him a lot. He is now requesting another loan. He wants to buy soft drinks, wine, and the rest in order to be able to continue growing.
Empezó con un pequeño stock de gaseosas, eso le dejó un buen margen de ganancias y se propuso distribuir por la zona, y de esa forma se fue abriendo camino y hoy en día ya tiene muy buena clientela.
El anterior crédito de Kiva lo utilizo para la compra de bebidas, lo cual le ayudo mucho. Hoy solicita de otro crédito y quiere invertirlo en la compra de gaseosas, vinos y demás, para poder seguir creciendo.
Previous Loan DetailsFernando is a long-standing client of Fundación Paraguaya. He is single and lives in his parents' home in the city of Carapeguá. His business is selling De la Costa sodas in the city of Quiindy. Fernando is a person who has a desire to make progress and get ahead in life. He always works ha... More from Fernando'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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