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Update on Emil

Emil is striving to fulfill his goal of completing a university education with a major in Business Administration. His ambitions include establishing himself in a career so that earn a decent living, becoming a productive member of society, and helping those in need of his services.

Emil notes that he used the funds from his previous loan to pay university tuition, and that this support was a tremendous help because it allowed him to continue his studies. Emil is applying for a new loan so that he can pay the costs associated with receiving and accrediting his university degree. Once he has established his credentials as a university graduate, he can move on to start his career.
View original language description ↓
Emil está esforzándose por poder cumplir sus metas en la universidad, la de ser un administrador de empresas, está luchando por poder salir adelante y ser una persona útil a la sociedad y a las demás personas que necesiten de su servicio.
Emil comenta que su préstamo anterior lo uso en pagar las cuotas de su universidad, lo cual le fue de mucha ayuda para seguir con sus estudios. Hoy pide un nuevo préstamo para poder invertirlo en pagar sus gastos de titulación, ya que de esa forma podrá cubrir ese gasto que tiene, y seguir luchando.

Previous Loan Details

Emil is a student in the fourth year of his business administration program. He says his goals are to finish school, become a professional, and be able to work in his field in a good position in a business. His parents inspire him because they make the effort every day so he lacks nothing in ... More from Emil'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
  • 99
    View loans »
    Paraguay Loans Fundraising
  • $32,360,775
    Funds lent in using Kiva
  • 4,354.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,875 helped Emil to pay the costs associated with accrediting his university degree.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jun 25, 2014
Aug 3, 2014
Currency Exchange Loss:
Apr 17, 2015
This photo was used before for a previous loan for Emil. It was first posted on Kiva on Nov, 2013. Learn More