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Teodoro

Update on Teodoro

Teodoro is a very hard-working person. Above all, he is very responsible. He says that thanks to the previous Kiva loan he has been able to gradually improve his business, and it is continually growing. His goal is to expand his business and to also be able to give work to other people.

He is requesting a new loan to buy paint and fillers that he will be able to use in his automobile body and repair shop. He is grateful for the new opportunity that he is receiving.
View original language description ↓
El Sr. Teodoro es una persona muy trabajadora y por sobre todo muy responsable, comenta que gracias al anterior préstamo de Kiva ha podido ir mejorando su negocio y esta creciendo cada vez mas. En su meta esta agrandar mas su negocio y así también poder dar trabajo a otras personas.
Solicita un nuevo préstamo para la compra de pinturas y masillas que podrá usar en su taller de chaperia y de reparación de automóviles. El agradece por la nueva oportunidad que esta recibiendo.

Previous Loan Details

Teodoro is 53 years old and married to 50 year-old Nilda. They have four children: one daughter and three sons, who are currently in school. Teodoro started working as an apprentice when he was 13 years old. Since then he has been panel beating, painting and repairing cars. He says that as ... More from Teodoro'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
  • 112
    View loans »
    Paraguay Loans Fundraising
  • $31,595,250
    Funds lent in using Kiva
  • 4,395.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Teodoro to buy fillers and paint.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2012
Listed
Sep 19, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013
This photo was used before for a previous loan for Teodoro. It was first posted on Kiva on Jul, 2011. Learn More