Update on MarcosMarcos is a taxi driver, and he says that thanks to this work, he can give his family what they need to live a life lacking nothing. He used his previous loan to buy new tires for his taxi, which helped him keep providing good service to his customers.
Today, he is requesting a new loan to invest in buying spare parts for his taxi. This will allow him to keep investing in his taxi, which is how he provides income for his family.
Hoy pide un nuevo préstamo para poder invertirlo en la compra de repuestos para su taxi, ya que así podrá seguir invirtiendo en su taxi, lo cual es su medio de tener ingresos para su familia.
Previous Loan DetailsMarcos is from the city of Santaní where he runs a taxi business. He is married and says his wife also helps him, since she is a merchant and has a small store. He is a very hard-working, responsible, honest person and claims he began to work as a bus assistant, then as a driver. But his dre... More from Marcos'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
- Dec 19, 2013
- Feb 24, 2014
- Currency Exchange Loss:
- Feb 20, 2015
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.