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Edgar Rene

Update on Edgar Rene

Edgar Rene is a 27-year-old young man, is single, and completed his high school education. He makes a living by making furniture, such as wardrobes, tables, chairs, closets, windows, doors, and other things. He started doing this work as an employee of another company. To date he has 6 years of experience.

He is asking for a loan that will be used to buy materials: wood, paints, hinges, etc. In the future he hopes to have a bigger furniture store with more workers, and to work just as the manager.
View original language description ↓
El joven Edgar Rene esta soltero, tiene 27 años de edad, cursó los grado de bachillerato, se dedica ala fabricación de muebles, que son roperos, mesas, sillas, closed, ventanas, puertas y otros. inicio este trabajo siendo trabajadora para otro negocio, hasta el momento lleva 6 años de experiencia.

Solicita un préstamo que sera utilizado para la compra de materiales, madera, pinturas, bisagras, etc, espera en el futuro tener una mueblería mas grande y con trabajadores, y El ser el administrador solamente.

Previous Loan Details

Sr. Edgar Rene is 26 years old, single, and completed his high school education. He currently works as a carpenter, but initially started out as a laborer. Edgar has five years of experience. He is requesting a loan to use as operating capital so that he can produce more furniture. At this... More from Edgar Rene's previous loan »

Additional Information

About Asociación ASDIR

ASDIR (Asociación de Desarrollo Integral Rural - Association for the Development of Rural Communities) is a community-based organization that works to promote development in the villages and communities where it serves. It was founded in 1999 in the village of Nimasac, Totonicapán Department, by a handful of local men and women to support community projects and group loans. Today ASDIR has 5 offices across 3 departments (Totonicapán, Sololá and Suchitepéquez) serving more than 6,000 clients, most of them in rural 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 Guatemala

  • $5,300
    Average annual income
  • 56
    View loans »
    Guatemala Loans Fundraising
  • $12,573,175
    Funds lent in using Kiva
  • 7.9
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Edgar Rene to buy wood.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Dec 20, 2012
Jan 12, 2013
Currency Exchange Loss:
Nov 17, 2013
This photo was used before for a previous loan for Edgar Rene. It was first posted on Kiva on Aug, 2012. Learn More