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Vidal

Update on Vidal

Vidal is a very hardworking man who strives to get ahead and who wants to provide everything necessary for his family. He’s a man who has struggled much and who wants to continue to do so for his family. He relates that he used his previous loan to buy raw materials.

He’s asking for a new loan today to buy rolls of lumber to continue striving for his family. He’s grateful for this new opportunity he’s getting.
View original language description ↓
Vidal es un hombre muy trabajador, que lucha por salir adelante y quiere dar todo lo que necesita a su familia. Es un hombre que ha luchado mucho y que quiere seguir haciéndolo por su familia. Cuenta que su crédito anterior lo utilizó para la compra de materias primas.
Hoy solicita de nuevo un crédito para poder invertirlo en la compra de rollos de maderas, para que de esa forma pueda seguir luchando para ayudar a su familia. Agradece por esta nueva oportunidad que esta recibiendo.

Previous Loan Details

Don Vidal is a returning client of Fundación Paraguaya. He lives with his wife of thirty years, Francisca Maria, who is a teacher. Vidal buys rolls of timber to sell to sawmills and construction workers. In addition, he manufactures furniture and has thirty years of experience in this trade. ... More from Vidal'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
  • 128
    View loans »
    Paraguay Loans Fundraising
  • $31,646,450
    Funds lent in using Kiva
  • 4,465.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Vidal to buy rolls of lumber to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2013
Listed
Aug 23, 2013
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2014