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Update on Orlando

Orlando is a very studious person who wants to get ahead by making sacrifices and studying. He states that with his studies he hopes to open his own accounting practice so he can work. He used his previous loan to pay for university fees, which was very helpful.

He is now asking for a new loan to pay for university fees again and thus be able to continue to fight to reach his goal, as he has been doing. He is grateful for this new opportunity he is receiving which will be of tremendous help.
View original language description ↓
Orlando es una persona muy estudiosa, que quiere salir adelante por medio de su sacrificio y estudio, comenta que por medio de su estudio quiere montar su propio estudio contable para poder trabajar. Su anterior préstamo lo uso en poder invertirlo en las cuotas de su universidad, lo que le fue de gran ayuda.
Hoy pide un nuevo préstamo para poder pagar nuevamente sus cuotas, y así seguir luchando por su meta como lo viene haciendo. Agradece por esta nueva oportunidad que esta recibiendo y que le será de mucha ayuda.

Previous Loan Details

Orlando's from the city of Villarrica. He says is dream is to open an accounting business when he graduates so he can serve small, medium-size, and big businesses and help his family financially. His second achievement would be to have his own general store to generate work for his family mem... More from Orlando's previous loan »

Additional Information

About Fundación Paraguaya

Fundación 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.

About Paraguay

  • $8,400
    Average annual income
  • 85
    View loans »
    Paraguay Loans Fundraising
  • $35,137,850
    Funds lent in using Kiva
  • 4,415.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Orlando to pay university fees.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 16, 2014
Jun 24, 2014
Currency Exchange Loss:
Jul 17, 2015
This photo was used before for a previous loan for Orlando. It was first posted on Kiva on Aug, 2013. Learn More