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Update on Armando

Armando has a lathe metal workshop in which he works every day from very early in the morning. He is a real fighter, and above all an entrepreneur. He says that his previous loan was very useful and allowed him to continue meeting his client's orders.

He is requesting this loan to invest in buying iron bars so that he can continue working as he has been. He is grateful for this new opportunity he is receiving.
View original language description ↓
Armando tiene una tornería en la que trabaja todos los días desde muy tempranas horas, es una persona muy luchadora y por sobre todo emprendedora, el cuenta que su préstamo anterior le ha sido de mucha ayuda para poder seguir cumpliendo con sus clientes.
El pide este nuevo préstamo para poder invertirlo en comprar varillas de hierro para seguir trabajando como lo viene haciendo, agradece por esta nueva oportunidad que esta recibiendo.

Previous Loan Details

Armando’s from the city of Pilar. He has a lathe metal shop, an activity he’s been in for 20 years. He’s married and has two children who are the reason he strives for. He’s a very hardworking person with good references. He’s has several transactions with the Fundación already and he also ... More from Armando'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

  • $8,400
    Average annual income
  • 96
    View loans »
    Paraguay Loans Fundraising
  • $32,362,850
    Funds lent in using Kiva
  • 4,435.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Armando to buy iron bars.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Feb 26, 2014
Apr 8, 2014
Currency Exchange Loss:
Mar 17, 2015
This photo was used before for a previous loan for Armando. It was first posted on Kiva on Sep, 2012. Learn More