Update on LorenzaLorenza is a very hard-working person who always strives to give her family everything that she did not have herself. With the help of her husband, Gilberto, her family is getting ahead. Lorenza used the previous Kiva loan to buy sugar, guava, honey and other ingredients to continue making jam.
Lorenza is requesting this loan to buy the same ingredients (sugar, guava and honey) to make jam. She hopes to offer a larger variety of home-made jams to her customers. Lorenza says that she is thankful for the loan, which will be a big help to her.
Hoy solicita un nuevo crédito para poder comprar los mismos insumos (azúcar, guayaba y miel) y así poder ofrecer gran variedad de dulces Caseros a sus clientes. Agradece por esta oportunidad que esta recibiendo que le será de mucha ayuda.
Previous Loan DetailsMs. Lorenza is a previous client of the foundation. She is married to Mr. Gilberto, and they live in their own home in the city of Luque. The whole family has worked selling sweets since 1994. Lorenza is a person who has always worked and fought for her family. It is because of this that she does... More from Lorenza'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
- Aug 20, 2013
- Sep 18, 2013
- Currency Exchange Loss:
- Oct 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.