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Mario

Update on Mario

Mario is a very hardworking and enterprising person who's getting ahead thanks to his job. He gives his family everything he can according to his possibilities.

He's a returning Kiva client. He says the previous loan helped him be able to stock his business and continue giving his customers a wide variety.

This time he's requesting a loan to invest once again in buying supplies for his store, such as sugar, yerba mate, charcoal, beverages, and other supplies.

He's very grateful for the opportunity he's receiving again, which will be a big help to him to continue growing.
View original language description ↓
Mario es una persona muy trabajadora y por sobre todo emprendedora, que gracias a su trabajo esta saliendo adelante y da a su familia todo lo que puede de acuerdo a sus posibilidades.
El es un cliente recurrente de Kiva, y cuenta que el crédito anterior le sirvió para poder surtir su negocio y seguir dando buena variedad a sus clientes. Esta vez solicita nuevamente un crédito para volver invertirlo en la compra de insumos para su despensa, como ser azúcar, yerba, carbón, bebidas en general y otros insumos.
Esta muy agradecido por la oportunidad que esta recibiendo nuevamente, lo cual le sera de mucha ayuda a seguir creciendo.

Previous Loan Details

Mario is 55 years old, he lives with Amelia, aged 54, in the town of Itá and they have 5 children: only the youngest daughter lives with them, while the other children are all economically independent. Mario has been running a small store in his house for more than 10 years, where he sells every... More from Mario'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
  • 132
    View loans »
    Paraguay Loans Fundraising
  • $31,646,450
    Funds lent in using Kiva
  • 4,209.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Mario to buy sugar, yerba mate, charcoal, beverages, and other products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2012
Listed
Jan 13, 2013
Currency Exchange Loss:
Covered
Ended:
Feb 21, 2014