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Eligio Isidro

Update on Eligio Isidro

Eligio is now 29 years old. He is a young entrepreneur who has the drive to succeed. Eligio is an electrician and his previous Kiva loan was used to buy parts that he could sell. The loan injected some capital into his business so that he could continue growing.

He is requesting a new loan from Kiva so that he can invest in the purchase of tire repair equipment that is being offered for a low price. Eligio wants to take advantage of this opportunity so that he can have another source of income. With this equipment, he can use it to produce additional earnings for his family. He is grateful for this new opportunity he has received and it will be of great help.

View original language description ↓
Eligio hoy tiene 29 años, es un joven emprendedor, y con muchas ansias de salir adelante, es electricista, el anterior crédito de Kiva lo utilizo para la compra de repuestos y posterior venta, con ello pudo inyectar un poco de capital a su trabajo y seguir creciendo.
Solicita un nuevo crédito de Kiva para poder invertirlo en la compra de un equipo de gomería que está en venta a bajo precio y lo quiere aprovechar para así tener otro medio de ingreso, con este equipo quiere poder implementar otra forma de producir ingresos para su familia. Agradece por esta nueva oportunidad que recibe, pues le será de mucha ayuda.

Previous Loan Details

Eligio, 27, lives in Itá in his parents’ house. He is an electrician and has had his own business for 3 years. He gained experience starting 6 years ago when he worked for another electrician but he decided to go it alone and form his own business. He says that he has a lot of busienss since... More from Eligio Isidro's previous loan »

Additional Information

More information about this loan

This loan is designed for young people aged 15 to 25 whose families are living in poverty and who wish to start a new business or improve an existing business. As part of its Youth Entrepreneurship program, Fundación Paraguaya’s staff members offer mentorship, as well as training courses and workshops in finance and business administration. Borrowers also receive standard benefits like health coverage and life insurance. This type of loan is not offered by most other financial institutions in Paraguay. Young borrowers are often considered to be too risky because they lack prior credit history or business experience.

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
  • 33
    View loans »
    Paraguay Loans Fundraising
  • $37,195,500
    Funds lent in using Kiva
  • 4,480.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Eligio Isidro to buy tire repair equipment in order to start another business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 30, 2013
Jul 2, 2013
Currency Exchange Loss:
Aug 17, 2014
This photo was used before for a previous loan for Eligio Isidro. It was first posted on Kiva on Oct, 2011. Learn More