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Miguel

Update on Miguel

Miguel, 26, is married. He completed six years of elementary school. He works in home construction but also as a tailor. He started his business with just one sewing machine and to date has 5 years’ experience. He has his wife’s support who is a full-time textile weaver. He’s asking for the loan to buy fabric and thread in different colors because he’s expecting more jobs in the future.
View original language description ↓
El señor Miguel es casado, tiene 26 años de edad, cursó 6 años de educación primaria, se dedica a la construcción de vivienda, como también a la sastrería, inició su negocio con solo una máquina y hasta el momento lleva 5 años de experiencia, cuenta con el apoyo de su esposa quien se dedica a tiempo completo a la confección de tejidos.

solicita un préstamo para utilizarlo para la compra de telas e hilos de diferentes colores, ya que espera en el futuro con tener mas trabajares.

Previous Loan Details

Miguel, 25, is married. He completed six years of elementary school. He works in home construction but also as a tailor. He started his business with just one sewing machine and to date has 4 years’ experience. He has his wife’s support who is a full-time textile weaver. He’s asking for the… More from Miguel's previous loan »

Additional Information

About Asociación ASDIR

ASDIR (Asociación de Desarrollo Integral Rural - Association for the Development of Rural Communities) is a community-based organization that works to promote development in the villages and communities where it serves. It was founded in 1999 in the village of Nimasac, Totonicapán Department, by a handful of local men and women to support community projects and group loans. Today ASDIR has 5 offices across 3 departments (Totonicapán, Sololá and Suchitepéquez) serving more than 6,000 clients, most of them in rural 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 Guatemala

  • $4,155
    Average annual income
  • 65
    View loans »
    Guatemala Loans Fundraising
  • $8,342,350
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Miguel to buy fabric and thread.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 17, 2012
Listed
Dec 13, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013
This photo was used before for a previous loan for Miguel. It was first posted on Kiva on Oct, 2011. Learn More