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Victor

Update on Victor

Victor is a person who, through a lot of work and effort, is getting ahead. This is his second loan with Kiva, and he says that his previous loan helped him to stock his business and thus offer good service to his customers.

He is applying for this new loan in order to invest it in purchasing sprockets, chains, pinions, axels, etc., and thus continue giving his customers everything they ask for.

He is very grateful for the opportunity he is getting, since he will be able to continue growing and improving in order to help his family.
View original language description ↓
El Sr. Victor es una persona que con mucho trabajo y esfuerzo esta saliendo adelante, este es su segundo crédito en Kiva, y comenta que su crédito anterior le sirvió para poder surtir su negocio y poder dar así un buen servicio a sus clientes.
Solicita de este nuevo crédito para poder invertirlo en la compra de corona, cadena, piñón, ejes etc., y así seguir dando a sus clientes todo lo que le piden. Esta muy agradecido por la oportunidad que esta recibiendo, ya que podrá seguir creciendo y mejorando para ayudar a su familia

Previous Loan Details

Víctor has been working as a mechanic for more than ten years. He has a bicycle and motorcycle workshop and wash. He is married to Florentina and the couple have two children. He says that they are a very hard-working family who all help each other to get ahead in life. Víctor says that he ... More from Victor'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
  • 57
    View loans »
    Paraguay Loans Fundraising
  • $28,673,125
    Funds lent in using Kiva
  • 4,452.1
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Victor to buy sprockets, chains, pinions, axels, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2013
Listed
Jul 21, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Victor. It was first posted on Kiva on Sep, 2012. Learn More