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Elva

Update on Elva

Elva is a very hardworking person, She works very enthusiastically to get ahead. Her goal is to continue working in her store and through her business keep giving her children what she wasn't able to have, as well as help her husband.

This is her second loan and she says that the previous one was used to be able to buy sugar, pasta, baked goods and other products. Today she is asking for a new loan to be able to buy flour, rice, sugar, etc. to be able to stock her store and keep working.
View original language description ↓
Elva es una persona muy sacrificada, que con gran entusiasmo trabaja para poder salir adelante, su meta es poder seguir trabajando en su despensa, y por medio de su negocio seguir dando a sus hijos lo que ella no pudo tener, a la vez de ayudar a su marido.
Este es su segundo crédito, y comenta que el anterior lo utilizo para poder comprar azúcar, fideos, panificados y demás productos, hoy solicita de un nuevo crédito para poder comprar harina, arroz, fideo, azúcar, etc. para poder surtir su despensa y así seguir trabajando.

Previous Loan Details

Elva is 37 years old and married to Sr. Cecilio, who is a police officer. Together they help one another with the household expenses. They have two children, so Elva and her husband work and strive to get ahead.

Elva has a food pantry that she has managed for more than 10 years. She de... More from Elva'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
  • 62
    View loans »
    Paraguay Loans Fundraising
  • $29,035,975
    Funds lent in using Kiva
  • 4,435.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Elva to buy flour, rice, pasta, sugar, etc.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 27, 2013
Listed
Sep 24, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2014
This photo was used before for a previous loan for Elva. It was first posted on Kiva on Oct, 2012. Learn More