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Salmi

Update on Salmi

Salmi is 45 years old and has been buying and selling vegetables at wholesale for more than 10 years. Her husband Silvio has been a builder for more than 20 years. She took out the loan in order to repair the rear part of her home, because she wants to continue improving it little by little. When it rains, a lot of water gets in, and she wants to buy bricks, cement and sand so that by means of their work, her husband can gradually improve the house.

She is thankful for this new opportunity she is receiving, which will allow her to have a decent home.
View original language description ↓
La Sra. Salmi tiene 45 años y hace mas de 10 años se dedica a la compra y ventas de verduras al por mayor, su marido el sr. Sivio es constructor hace mas de 20 años. El crédito retiró para refaccionar la parte de atrás de su casa porque quiere ir mejorando, ya que al llover entra mucha agua y quiere comprar ladrillos, cementos y arena para que por medio de su trabajo su marido pueda ir mejorando la casa.
Agradece por esta nueva oportunidad que está recibiendo, que le permitirá tener una vivienda digna.

Previous Loan Details

Salmi is a very hardworking person. She was able to make improvements to her home and have a large number of products to offer her customers, thanks to the previous Kiva loan and that of the foundation. She raises and sells pigs and is increasing her income greatly, allowing her to continue h... More from Salmi'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Paraguay

  • $8,400
    Average annual income
  • 99
    View loans »
    Paraguay Loans Fundraising
  • $30,930,425
    Funds lent in using Kiva
  • 4,509.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Salmi to buy brick, cement and sand for repairing her home.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2013
Listed
Jul 29, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2014
This photo was used before for a previous loan for Salmi. It was first posted on Kiva on Dec, 2012. Learn More