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Melchora

Update on Melchora

Melchora says that she works every day starting very early in her store and butcher shop. With this business, she is getting ahead and helping her family. She is a very enterprising woman, who with a lot of hard work and sacrifice is getting ahead.

She says that with the previous Kiva loan she was able to stock a wider variety of products and offer her customers more things. Today she is back to ask for the loan to invest in buying vegetables, meats, beverages, and bulk products. This way, she can keep growing and improving her finances. She is grateful for this great opportunity that she is getting.
View original language description ↓
Melchora cuenta que trabaja todos los dias desde muy tempranas horas en su despensa y carnicería, que por medio de su negocio esta saliendo adelante, y ayuda a su familia. Ella es una persona muy emprendedora, que con mucho sacrificio y trabajo esta saliendo adelante.
Ella comenta que con su crédito anterior de Kiva ha podido surtir con mas variedad de productos su negocio y así ofrecer mas insumos a ellos. Hoy vuelve a pedir del crédito para invertirlo en la compra de vegetales, carnes, bebidas, productos a granel, y de esa forma seguir creciendo y mejorando su economía. Agradece por la gran oportunidad que esta recibiendo.

Previous Loan Details

Melchora is a shopkeeper whose business is located in her home. She has a well-stocked grocery store and butcher's shop and makes a lot of sales because she lives in a very busy area. She has an established customer base made up of passengers, soldiers, veterans, wage earners, etc. Her husband... More from Melchora'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
  • 75
    View loans »
    Paraguay Loans Fundraising
  • $30,204,950
    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 Melchora to buy vegetables, meats, beverages, and bulk products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2013
Listed
Jun 17, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2014
This photo was used before for a previous loan for Melchora. It was first posted on Kiva on Mar, 2012. Learn More