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Gustavo

Update on Gustavo

Gustavo is an outstanding student, studying a career in law. He says that his family inspires him to be able to continue studying. His children and wife always support him in his studies. He says that his previous loan was used to pay university tuition so that he could continue his studies. Today he asks for a new loan to be able to invest in again paying his tuition and in this way continue studying.
View original language description ↓
Gustavo es un estudiante destacado, esta estudiando la carrera de Derecho, y comenta que es su familia la que la inspira a poder seguir estudiando como lo viene haciendo. Sus hijos y su esposa lo apoyan siempre en sus estudios.
Comenta que su préstamo anterior lo uso en pagar las cuotas de su universidad, por lo que pudo seguir sus estudios. Hoy pide un nuevo préstamo para poder invertirlo en pagar nuevamente sus cuotas y así seguir estudiando.

Previous Loan Details

Gustavo is from Pilar. He is studying for a law degree and says that it has always been his dream to be an excellent professional and practice his profession in the city where he now lives. He strives very hard and tells us that he is also a police officer and in this way, he helps people. How... More from Gustavo'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
  • 44
    View loans »
    Paraguay Loans Fundraising
  • $29,527,325
    Funds lent in using Kiva
  • 4,423.4
    Paraguay Guarani (PYG) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $600 helped Gustavo to pay university tuition.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2014
Listed
Apr 28, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015
This photo was used before for a previous loan for Gustavo. It was first posted on Kiva on Aug, 2013. Learn More