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Ismael

Update on Ismael

Ismael is a very hardworking man, who is always striving to keep working and getting ahead. His used the funds from his previous loan to purchase a new vehicle, which allows him to do his work and satisfy his customers.

Ismael is applying for this loan to invest the funds in home repairs that will allow him to keep providing his family a decent quality of life.
View original language description ↓
Ismael es una persona muy trabajadora, que se esta esforzando por poder seguir trabajando y creciendo. Su préstamo anterior lo invirtió para el cambio de su vehículo, que le permitirá hacer su trabajo y cumplir con sus clientes.
Solicita de este crédito para poder invertirlo en la refracción de su casa, que le permitirá seguir ofreciendo a su familia una calidad de vida digna.

Previous Loan Details

Ismael is 56 years old and lives in the city of Paraguarí. He is married to María, with whom he has five children, all of which are grown up. Ismael started to work in construction approximately 30 years ago. He started as an assistant bricklayer and twenty years ago he started to work independen... More from Ismael'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

  • $8,400
    Average annual income
  • 69
    View loans »
    Paraguay Loans Fundraising
  • $30,816,725
    Funds lent in using Kiva
  • 4,570.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Ismael to make home repairs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2013
Listed
Dec 25, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014
This photo was used before for a previous loan for Ismael. It was first posted on Kiva on Apr, 2012. Learn More