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Fausto

Update on Fausto

Fausto has been married to Andresa for several years. Fausto goes out to sell giblets on his own motorcycle, which he bought with great effort.

In addition to her work, Andresa works as a street vendor to help her husband with the household expenses. They live in their own house and are able to support it with their work. He has shown himself to be a very responsible and honest person in his commitments.

He's requesting this loan to buy giblets, to continue offering his customers a good variety.
View original language description ↓
El Sr. Fausto es casado con la Sra. Andresa hace varios años.Fausto; sale a vender menudencias en su moto propia que había comprado con mucho esfuerzo.
Además de su trabajo, la Sra. Andresa trabaja como macatera para ayudar a su marido con los gastos del hogar. Ellos viven en casa propia y con su trabajo la pueden mantener. El ha demostrado ser una persona muy responsable y honesta en sus compromisos.
Solicita de este crédito para la compra de menudencias, y así seguir ofreciendo buena variedad a sus clientes.

Previous Loan Details

Mr. Fausto N. is a client of our bank from several years ago. He is married to Mrs. Andresa Bogado. They are the parents of three children and are located at Kilometer 7 New Town (Ciudad del Este) as of next Monday. Mr. Fausto is dedicated to the sale of offal by walking around the area. Throu... More from Fausto'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
  • 82
    View loans »
    Paraguay Loans Fundraising
  • $31,492,275
    Funds lent in using Kiva
  • 4,460.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Fausto to buy giblets.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2012
Listed
Nov 23, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2013
This photo was used before for a previous loan for Fausto. It was first posted on Kiva on Feb, 2011. Learn More