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Reinerio

Update on Reinerio

Reinero is a very hardworking person who earns an honest living with his taxi. He is very self-sacrificing and is a fighter.

He used his previous Kiva loan to put a new taxi into service, for which he is very grateful. Now, he is asking for another loan in order to invest in the maintenance and painting of his vehicle, as this is his means of subsistence and his way of helping out his loved ones.

He is grateful for this new opportunity that he is receiving; it will be of great help to him.
View original language description ↓
El Sr. Reinero es una persona muy trabajadora, que por medio de su taxi se gana la vida honradamente, es muy sacrificado y luchador, su anterior crédito en Kiva lo uso para implementar un nuevo taxi, por lo que esta muy agradecido. El hoy pide de nuevo otro crédito para poder invertirlo en en el mantenimiento de su vehículo y en pintura para el mismo, ya que este es su medio de subsistir y ayudar a sus seres queridos.
Agradece por esta nueva oportunidad que recibe que le será de mucha ayuda.

Previous Loan Details

Reinerio has been a client of the foundation for several years. He is single and lives in the city of Luque. He has had a taxi and been working independently for two years. He has successfully completed five loan cycles with the foundation. Reinerio is applying for another loan to buy a new t... More from Reinerio'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.

Tags

About Paraguay

  • $4,555
    Average annual income
  • 59
    View loans »
    Paraguay Loans Fundraising
  • $29,518,125
    Funds lent in using Kiva
  • 4,454.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Reinerio to perform maintenance and paint his vehicle.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2013
Listed
Jul 30, 2013
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2014