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Secundino

Update on Secundino

Secundino is a very hard-working and enterprising person who fights to get ahead. He continues to work in his transport company and his grocery store. He says that the previous loan he received from Kiva really helped him to continue with his work.

He is requesting another loan so he can invest it in purchasing basic items, such as drinks, food products, vegetables, fruit, and other items, and continue with his business. He is very grateful for the opportunity he is receiving as this will be his third loan with Kiva.
View original language description ↓
Secundino es una persona muy trabajadora y emprendedora, que lucha por poder salir adelante, el sigue trabajando con su empresa de transportes, y también en su venta de articulo de primera necesidad. Cuenta que el crédito anterior que ha recibido de Kiva lo ha ayudado mucho a seguir con su trabajo.
solicita nuevamente de un crédito para poder invertirlo en la compra de artículos de primera necesidad, como ser bebidas, comestibles, verduras, frutas y demás, y con ello poder seguir con su negocio. Esta muy agradecido por esta oportunidad que esta recibiendo, ya que este sería su tercer crédito con Kiva.

Previous Loan Details

Señor Secundino is from the city of Pilar and he is married. He has a transport company that hauls freight, and he is also a trader with a grocery store selling basic items. He says he started this business 10 years ago, so he has been able to build up a good clientele. It is going very well h... More from Secundino'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.

Tags

About Paraguay

  • $8,400
    Average annual income
  • 92
    View loans »
    Paraguay Loans Fundraising
  • $31,441,600
    Funds lent in using Kiva
  • 4,168.0
    Paraguay Guarani (PYG) = $1 USD
Expired
A loan of $1,325 helped Secundino to purchase drinks, food, vegetables, fruit, and other items.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2013
Listed
May 27, 2013
Currency Exchange Loss:
Covered
Expired:
Jun 26, 2013
This photo was used before for a previous loan for Secundino. It was first posted on Kiva on Dec, 2011. Learn More