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Francisco

Update on Francisco

Francisco is from the city of Santaní. He is 62 years old and married to Isabel, who is 43 years old. They have 2 adult sons who now have their own jobs.

Francisco has a grocery store in his home, where he and his wife work to earn the income to cover the household expenses. They are a very determined couple who always help themselves and have been able to set a good example for their children.

Francisco requests this loan to purchase supplies for his grocery store, like canned good, vegetables, fruit, meat, etc. This way, he will be able to continue working like he has been doing.
View original language description ↓
El Sr. Francisco es de la ciudad de Santaní, tiene 62 años, está casado con la Sra. Isabel de 43 años. Tienen dos hijos, ya mayores que ahora son quienes les ayudan.
Francisco tiene una Despensa en su casa, y así el y su esposa trabajan en ella para poder tener los ingresos para cubrir las necesidades de su casa. Son una pareja muy luchadora, que siempre se ayudan y así han podido dar el ejemplo a sus hijos.
Francisco solicita de este crédito para poder invertirlo en la compra de insumos para su despensa, como ser enlatados, verduras, frutas, carnes y demás y así seguir trabajando como lo viene haciendo.

Previous Loan Details

Sr. Francisco is from the city of Santani. He is 61 and married to Sra. Iabel, 42. They have two sons, both now adults who have their own jobs. Francisco has a store in his home and tells us that, thanks to his good prices and the good quality of his products, he has an established clientele.… More from Francisco'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
  • 58
    View loans »
    Paraguay Loans Fundraising
  • $27,639,125
    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 Francisco to buy canned goods, vegetables, fruit, meat, etc.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2013
Listed
Jul 29, 2013
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2014