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Pedro

Update on Pedro

Pedro sells clothes and thanks to this work has been able to get ahead and help his family. Thanks to the loan he got from Kiva he’s been able to grow and invest in his businesses.

He is calling on Kiva and Fundación Paraguaya once more to ask for support to buy winter clothes because the cold season is approaching and he wants to be able to have more variety to offer his customers.

Pedro is grateful for the opportunity he’s receiving once again.
View original language description ↓
El Sr. Pedro se dedica a la venta de ropas, y es gracias a este trabajo ha podido salir adelante y ayudar a su familia. Gracias al crédito que recibió de kiva ha podido ir creciendo e invirtiendo en sus negocios. Una vez más acude a kiva y a la fundación paraguaya para solicitar una ayuda, con lo cual quiere comprar prendas de invierno, ya que se acerca la temporada de frío y quiere poder ofrecer mayor variedad a sus clientes.
Pedro agradece por la oportunidad que esta recibiendo nuevamente.

Previous Loan Details

Señor Pedro D. F. is a returning Kiva client. He is married and lives in his own home in the city of Luque with his wife and son. The proprietor and his wife sell clothing independently around the Paraguayan Chaco and during the afternoon he repairs footwear. He is requesting his sixth loan an... More from Pedro'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
  • 93
    View loans »
    Paraguay Loans Fundraising
  • $30,964,825
    Funds lent in using Kiva
  • 4,310.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Pedro to buy winter clothes to sell.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2012
Listed
May 22, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2013
This photo was used before for a previous loan for Pedro. It was first posted on Kiva on Apr, 2011. Learn More