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Ruben

Update on Ruben

Sr. Ruben is a hardworking individual. Through work and effort, he has been able to grow and provide his family what they need day after day. His previous Kiva loan was used to buy thread and dyes for weaving.


Today he is requesting a loan in order to buy bed sheets, blankets, curtains, and other products so that he can continue his sales. Ruben is grateful for the opportunity he has received. With the help of Kiva, he has been able to improve his sales and keep growing.

View original language description ↓
El Sr. Ruben es una persona muy trabajadora, que se esfuerza y trabaja por ir creciendo y dar a su familia lo que necesitan para el día a día. Su anterior crédito de Kiva lo utilizó para la compra de hilos y color para poder tejer.
Hoy solicita el crédito para la compra de sábanas, frazadas, cortinas y otros para poder seguir con sus ventas. El agradece por la oportunidad que recibe, ya que por medio de la ayuda de Kiva mejoró sus ventas y esta creciendo.

Previous Loan Details

Rubén is 59 years old and has been married to his 52-year-old wife, Calixta, for the past 20 years. Together, they have three children who are all adults.

Rubén is the son of a farmer and grew up in one of the companies in Carapeguá. He worked the field with his father and at 26, he married… More from Ruben'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
  • 69
    View loans »
    Paraguay Loans Fundraising
  • $27,639,125
    Funds lent in using Kiva
  • 4,370.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Ruben to buy bed sheets, blankets, curtains, and other products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2013
Listed
Jun 20, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Ruben. It was first posted on Kiva on Dec, 2011. Learn More