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Enrique

Update on Enrique

Señor Enrique is a very hardworking person. He has already applied for a Kiva loan in the past, which he invested in the purchase of supplies for his store in order to have it well stocked. He comments that the loan has been a great help to him, and it is for this reason that he is applying for a new loan.

He wants this loan in order to be able to continue stocking his store with more products, since the season in which he has more sales is getting close, and he wants to by beverages, foodstuffs, canned goods and other items.

He again appreciates the opportunity that he is once more receiving, since in this way he will be able to grow and continue helping his family.
View original language description ↓
El Sr. Enrique es una persona muy trabajadora, ya ha solicitado un crédito de Kiva anteriormente, y el cual lo ha invertido en la compra de insumos para su local, para poder tenerlo bien surtido. Comenta que el crédito le ha sido de mucha ayuda y es por eso que solicita de nuevo otro.
Quiere este crédito para poder seguir surtiendo su negocio con mas productos, ya que se acerca la época donde mas ventas tiene y quiere comprar bebidas, comestibles, enlatados y demás.
Agradece de nuevo por la oportunidad que una vez mas esta recibiendo, ya que de esta forma podrá crecer y seguir ayudando a su familia.

Previous Loan Details

Enrique is from Ciudad de Este. He has four school-age children. He has a small store where sales are increasingly on the rise, generating a good income. With the help of his wife and his entire family and with much sacrifice and hard work, they are getting ahead in life. He and his wife sacri... More from Enrique'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
  • 43
    View loans »
    Paraguay Loans Fundraising
  • $29,537,050
    Funds lent in using Kiva
  • 4,295.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Enrique to buy beverages, foodstuffs, canned goods, and other items.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2012
Listed
Dec 17, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2013
This photo was used before for a previous loan for Enrique. It was first posted on Kiva on Nov, 2011. Learn More