Update on AtilioAtilio has a workshop where he works every day from early in the morning. Atilio is a very feisty person and he tells us that he invested his previous loan in buying spare parts for his workshop, so that he could continue working.
Atilio is applying for this new loan in order to invest in spare parts for his workshop. Atilio is grateful for this opportunity that will allow him to continue working and improve his life.
Pide este nuevo préstamo para poder invertirlo nuevamente en la compra de repuestos para su taller. Agradece por la oportunidad que esta recibiendo de poder seguir trabajando y mejorando su vida.
Previous Loan DetailsAtilio is a mechanic; he has a motorcycle repair shop. He does maintenance work and others. He works Monday through Saturday and has a staff of two helpers. Thanks to this work, Atilio is able to help his parents who he lives with. He’s a very hardworking person who wants to get ahead. He ... More from Atilio'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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