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Guztavo Leon

Update on Guztavo Leon

Gustavo is an enterprising young man with the idea of increasing his income to help pay his bills. He comes up with ideas for and creates games and magic tricks. Over time he has also used his designs to create covers for what he calls "magic boxes." They contain playing cards, whistles, and other things. They are fun and entertaining to those that buy them. He also thinks that the games are well-suited for school-age children because they help them use their imagination.

He has 2 young daughters and he hopes to add to his family shortly, but for the moment he spends a large amount of his time traveling to the city where he drops off his products at shops and markets. He has many goals and he hopes to settle in one place so he can focus more on his family.

He needs this loan to stock up on supplies so he can put together his magic boxes and in this way increase his income by selling more of them. He was very satisfied with his previous loan and for this reason wants to continue increasing his working capital.
View original language description ↓
Gustavo, joven emprendedor, con la idea de generar ingresos para solventar sus gastos, se da modos de investigar y crear algunos juegos y trucos de magia, al paso del tiempo, es que con sus diseños, crea y manda a realizar la impresión de las tapas de los que él llama sus maletines de magia, los cuales contienen, naipes, pitas y otros materiales que logran divertir y entretener a personas que les llama la atención los mismos, él considera que también son juegos para niños que están en etapa escolar pues les ayuda a hacer volar la imaginación. Tiene 2 hijas pequeñas y a muy corto plazo desea formar su familia, porque por el momento él se dedica bastante a viajar al interior donde lo esperan en ferias y mercados para dejar sus productos, tiene bastantes aspiraciones y pretende asentarse en un solo lugar de manera que ya pueda consolidar su hogar. Necesita del crédito para abastecerse de material y poder armar sus maletines de magia, y así poder generar mayores ingresos con la venta de los mismos.El quedó muy satisfecho con el anterior crédito, por eso ahora quiere seguir incrementando su capital de trabajo.

Previous Loan Details

Gustavo is a young single man with a daughter. He would like to marry the mother of his child so that she can grow up in a stable home, but at the moment he is living with his parents. He tells us that he would like to take his parents to live in a more comfortable home such as a small apartment.... More from Guztavo Leon's previous loan »

Additional Information


CIDRE is a Bolivian microfinance institution with a strong social commitment to the community. It works to provide quality financial services to rural and peri-urban borrowers, focusing primarily on agricultural loans for dairy farmers and micro-enterprises. CIDRE targets segments of the population that have not traditionally had access to credit, and invests in much-needed community development projects. It is currently working with coca farmers in the Chapare region to replace coca with less controversial crops. Get more involved by joining the Friends of CIDRE lending team.

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 Bolivia

  • $5,500
    Average annual income
  • 155
    View loans »
    Bolivia Loans Fundraising
  • $32,241,025
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Guztavo Leon buy materials to put together his "magic boxes.".
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 15, 2013
Apr 9, 2013
Currency Exchange Loss:
Oct 17, 2013