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Enrique

Update on Enrique

Enrique has a clothing business that is growing and getting ahead, thanks to his work and effort. He's a very hardworking and enterprising person who wants to be able to continue improving and helping his family.

He requested a previous loan, with which he was able to improve his business and give his customers a good variety. He's requesting this loan again to be able to continue stocking his business with t-shirts, shirts, underwear, jeans, blouses, capri pants, and other garments. The season of high sales is coming and he wants to be able to offer his customers a variety.

He's grateful for the big help he has received because it has helped him a lot.
View original language description ↓
El Sr. Enrique tiene una mercería y ropería, que gracias a su trabajo y sacrificio esta creciendo y saliendo adelante. El es una persona muy trabajadora y emprendedora, que desea poder seguir mejorando y ayudando a su familia.
El solicito un crédito anterior con lo que pudo surtir mejor su negocio y dar una buena variedad a sus clientes, solicita nuevamente de este crédito para poder seguir surtiendo su negocio con remeras, camisas, ropa interior, vaqueros, blusas, capri y otros artículos, ya que se acercan tiempos de mucha venta y quiere poder ofrecer una variedad a sus clientes.
Agradece por la gran ayuda que ha recibido, pues le ha sido de mucha ayuda.

Previous Loan Details

Enrique M. is 44 years old. He has been living with his partner, 32 year-old Juana Lesme, for 10 years. The couple have a 7 year-old son who is in second grade. Enrique has a clothes business that he has owned for 6 years. His sales location is in the town market and he works together with his... 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
  • 67
    View loans »
    Paraguay Loans Fundraising
  • $29,036,000
    Funds lent in using Kiva
  • 4,260.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Enrique to buy t-shirts, shirts, underwear, jeans, blouses, capri pants, and other garments.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2012
Listed
Dec 23, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014