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Salmi

Update on Salmi

Salmi is a very hardworking person. She was able to make improvements to her home and have a large number of products to offer her customers, thanks to the previous Kiva loan and that of the foundation.

She raises and sells pigs and is increasing her income greatly, allowing her to continue helping her family.

She is asking for another loan so that she can buy three pigs to raise. This will allow her to continue working. She is grateful for the help she has received.
View original language description ↓
La Sra. Salmi es una persona muy trabajadora, y gracias al anterior crédito que retiro gracias a Kiva y de fundación pudo mejorar su casa y también tener mayor variedad de productos que poder ofrecer a sus clientes.
Actualmente también se dedica a la cría y venta de cerdos, con lo cual esta mejorando mucho sus ingresos y puede seguir ayudando a su familia.
Solicita nuevamente esta ayuda para la compra de 3 chanchos para poder engordar y así seguir trabajando. Ella esta agradecida por la ayuda que ha recibido.

Previous Loan Details

Salmi is 43 years old. For more than 10 years, she has been selling fruits and vegetables, which she buys at the Abasto market from 4 am. At 7 am, she takes her son to the bus stop and then goes to sell her products in the businesses of her neighborhood (Mariano Roque Alonso). She will use t... More from Salmi'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
  • 17
    View loans »
    Paraguay Loans Fundraising
  • $29,453,750
    Funds lent in using Kiva
  • 4,310.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Salmi to buy pigs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2012
Listed
Dec 9, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2013