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Update on Miguel

Miguel is a very hard-working person. This is his second Kiva loan, and thanks to the first one he was able to stock his business and meet the requests of his customers. He is grateful for the opportunity that he received, since it was very helpful for him to continue investing in his business.

He is asking for this new loan in order to invest it in the purchase of hammocks, sheets, and blankets in addition to food products in order to continue with his sales and thus be able to continue providing income for his household.
View original language description ↓
El Sr. Miguel es una persona muy trabajadora, este es su segundo préstamo con Kiva, y gracias al anterior pudo surtirse y cumplir con los pedidos de sus clientes. Agradece por la oportunidad que recibe, ya que le fue muy útil para seguir invirtiendo en su negocio.
El solicita de este nuevo crédito para poder invertirlo en la compra de hamacas, sabanas, frazadas y demás insumos para poder seguir con sus ventas y con lo cual podrá seguir aportando con los ingresos de la casa.

Previous Loan Details

Miguel, 50, is from the city of Carapeguá. He’s been married to Rafaela for over 20 years and they have two adult children. Miguel is the son of farmers and he has spent his entire life farming manioc, corn, beans and other horticultural products but he also sells crafts since his wife’s a we... More from Miguel'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
  • 115
    View loans »
    Paraguay Loans Fundraising
  • $32,366,075
    Funds lent in using Kiva
  • 4,012.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Miguel to purchase hammocks, sheets, and blankets in addition to other items.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Feb 20, 2013
Mar 20, 2013
Currency Exchange Loss:
Jan 17, 2014
This photo was used before for a previous loan for Miguel. It was first posted on Kiva on Nov, 2011. Learn More