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Marcelino

Update on Marcelino

Marcelino is 48 years old, and lives in the city of Itá with his wife, Agripina, and their three children. Marcelino has been working as an automobile electrician for 18 years. He has his own workshop and a consistent customer base, and his brothers help him in the shop. In addition to his auto shop, Marcelino also farms some parcels of land, and monitors his crops every week.

Marcelino plans to use the support from this loan to purchase replacement car parts for working on his clients' vehicles. He hopes this investment will help him increase his replacement parts stock as well as the amount of work he can accomplish for his clients.
View original language description ↓
El Sr. Marcelino de 48 años, vive en la ciudad de Itá, está casado con la señora Agripina con quien conforma una hermosa familia con 3 hijos.
Don Marcelino es electricista hace 18 años, cuenta con su propio taller en su casa contando con muy buena clientela, en el cual los ayudan sus hermanos. Él aparte de ser electricista tiene cultivos variados en la cual realiza un monitoreo cada semana.
El crédito que está solicitando es para la compra de repuestos para artículos electrónicos, ya que es estas las temporadas que con más trabajo cuenta y así poder tener en stock esos repuestos

Previous Loan Details

Marcelino is 47 years old and has been an automobile electrician for more than 17 years. He lives with his wife in a home of his own, where he has his workshop. He has three school-aged children. Marcelino has steady customers, thanks to several years experience. He supports his family this... More from Marcelino'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
  • 46
    View loans »
    Paraguay Loans Fundraising
  • $29,502,975
    Funds lent in using Kiva
  • 4,459.9
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Marcelino to purchase replacement automobile parts.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2012
Listed
Nov 21, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2013