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Miguel Angel

Update on Miguel Angel

Miguel is from the city of Encarnación, happily married, builder and owner of a pantry located in his house, which is manage by his wife.

He says that both are working and striving to get ahead. They know that life is tough and the only way to get ahead is through the work they do.

He point out that it was difficult at the beginning, but that today, the business has grown and already has very good clientele. With the intention to continue growing the pantry, Miguel requests this loan since he wants to expand by selling clothes. He plans to purchase clothing of all kinds and thus have larger inventory of products to offer to his customers.
View original language description ↓
El Sr. Miguel es de la ciudad de Encarnación, está felizmente casado, el es constructor de obras y dueño de una despensa en su casa, la cual atiende su esposa.
Comenta que ambos trabajan y se esfuerzan por salir adelante, hay que saben que la vida es dura, y la única forma de salir adelante es por medio del trabajo que se hace. Cuenta que al principio fue difícil, pero que hoy en día van creciendo y ya tienen muy buena clientela.
Con miras a seguir creciendo el Sr. Miguel solicita de este crédito, ya que quiere ampliar su despensa, vendiendo ropas, e invertirá su crédito en la compra de prendas de todo tipo y así tener mayores cosas que poder ofrecer a sus clientes.

Previous Loan Details

Mr. Miguel Angel R. C. is a happily married man with his own house that has all the necessities you'll find in a home. He is a micro-entrepreneur who owns a general store called "Nueva Esperanza" (New Hope). He has been in business for four years, which allows him to have very good clientele and… More from Miguel Angel'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

  • $4,555
    Average annual income
  • 61
    View loans »
    Paraguay Loans Fundraising
  • $27,639,125
    Funds lent in using Kiva
  • 4,469.8
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Miguel Angel to purchase clothes to expand his business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 30, 2012
Listed
Nov 19, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013