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Update on Marcos

Marcos is a taxi driver, and he says that thanks to this work, he can give his family what they need to live a life lacking nothing. He used his previous loan to buy new tires for his taxi, which helped him keep providing good service to his customers.

Today, he is requesting a new loan to invest in buying spare parts for his taxi. This will allow him to keep investing in his taxi, which is how he provides income for his family.
View original language description ↓
Marcos es Taxista, y comenta que gracias a su trabajo da a su familia lo que necesitan para tener una vida sin privaciones. Su préstamo anterior lo utilizo en comprar cubiertas nuevas para su taxi, lo que lo ayudo a poder seguir dando un buen servicio a sus clientes.
Hoy pide un nuevo préstamo para poder invertirlo en la compra de repuestos para su taxi, ya que así podrá seguir invirtiendo en su taxi, lo cual es su medio de tener ingresos para su familia.

Previous Loan Details

Marcos is from the city of Santaní where he runs a taxi business. He is married and says his wife also helps him, since she is a merchant and has a small store. He is a very hard-working, responsible, honest person and claims he began to work as a bus assistant, then as a driver. But his dre... More from Marcos'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
  • 34
    View loans »
    Paraguay Loans Fundraising
  • $37,305,300
    Funds lent in using Kiva
  • 4,618.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Marcos to buy spare parts for his taxi.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Dec 19, 2013
Feb 24, 2014
Currency Exchange Loss:
Feb 20, 2015
This photo was used before for a previous loan for Marcos. It was first posted on Kiva on May, 2012. Learn More