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Edgar

Update on Edgar

Edgar is 34 years old and lives with his partner Maria with whom he has two children. Both of them have worked in the production of uniforms for private citizens, police officers and high ranking military officers for over 10 years. They're a very hard-working couple that's fighting for a chance to thrive, get ahead and provide their kids with everything they need to lead a respectable life free of hardships. The loan he's requesting is to purchase fabrics, threads, and needles that he needs to fulfill a huge amount of orders. Thanks to their work they create jobs for 4 people that assist them in finishing the garments.
View original language description ↓
El señor Edgar tiene 34 años, viven en pareja con la señora Maria con quien tiene 2 hijos, ambos se dedican a la confección de trajes para particulares, para agentes policiales y militares de alto rango hace mas de 10 años.
Son una pareja muy trabajadora, que está luchando para poder crecer y salir adelante y dar a sus hijos todo lo que necesitan para una vida digna y sin privaciones.
El préstamo que solicita es para la compra de telas, hilos, agujas que precisa para entregar una gran cantidad de pedidos que tiene, ambos gracias a su actividad crea fuente de trabajo para 4 personas que lo ayudan en la terminación de las prendas.

Previous Loan Details

Sr. Edgar is 32 years old and married to Sra. María. They have two young children who are attending school. Edgar has been making uniforms for individuals, such as police officers and military personnel, for more than 10 years. He says that he has done very well in his work. Edgar has gained ... More from Edgar'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.

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About Paraguay

  • $8,400
    Average annual income
  • 112
    View loans »
    Paraguay Loans Fundraising
  • $31,595,250
    Funds lent in using Kiva
  • 4,239.1
    Paraguay Guarani (PYG) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,325 helped Edgar to buy fabrics, threads, needles, etc to make items for wholesale.
96% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2014
Listed
Jul 28, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2015