Update on MarinaMarina is a hardworking woman, who thanks to her store has been able to help her family and provide them with everything they need. She used her previous loan to purchase supplies for her store such as noodles, sugar, flour, baked food and other items. She is very grateful for the opportunity she has received. Today she is asking for a new loan to use to purchase baked goods, yerba mate, sugar, and other supplies so she may be able to continue with her work.
Hoy solicita de un nuevo crédito para poder invertirlo en panificados, yerba, azúcar y demás insumos para que pueda seguir con su trabajo.
Previous Loan DetailsMarina, 70, is from the city of Paraguarí. She has had a well-stocked store across from a square in the city for over 50 years. She’s married to Crescenciano; they live alone in a small house. They only have one daughter, called Hilda, who works in Buenos Aires and helps them out sending t... More from Marina'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