Gerardo Recalde


Status: Paid Back

$1,050.00   Loan Request
$1,050.00   Paid Back

About the Entrepreneur

Name: Gerardo Recalde
Location: Caacupe, Paraguay
Activity: Grocery Store

About the Loan

Loan Amount: $1,050.00
Loan Use: Purchase a three-door refrigerator/freezer.
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 20, 2007
Date Disbursed: Dec 6, 2007
Date Funded:Nov 22, 2007
Loan Ended:Jan 15, 2009

About the Country

Country:Paraguay
Avg Annual Income:$4,555.00
Currency:Paraguay Guarani (PYG)
Exchange Rate:4,777.1500 PYG = 1 USD



Gerardo is 44 years old, and is married with two children. He owns a grocery store where he sells a wide variety of basic necessities. He also has cows which produce milk for him to sell, as well as to make cheese.


He has had the grocery store business for over five years. His increased sales benefit from the fact that his store is located in the center of the city of Arroyos y Esteros, which is a high traffic area every day.


His business is well-supplied, thanks to the loans granted by Fundación Paraguaya. These funds allowed him to purchase merchandise of all types but particularly items in daily demand such as meats, sugar, oil, beverages, eggs, noodles, etc.


Gerardo declares that he needs to purchase a three-door refrigerator to keep his beverages cold given that he does a good sales volume over the weekends. This is particularly true now, during the summer, a time when cool drinks are in particularly high demand.


Translated from Spanish by Mary Lynn, Kiva Volunteer.



El señor Gerardo Tiene 44 años está casado y tiene 2 hijos, el es propietario de una despensa donde vende todo tipo de insumos de primera necesidad; también tiene vacas de las cuales vende la leche en su propio negocio además de elaborar queso.


El negocio de la despensa lo tiene hace más de 5 años y registra buena venta ya que está ubicado en el centro mismo de la ciudad de Arroyos y Esteros, dónde hay buena concurrencia de gente todos los días.


Su negocio está muy bien surtido, gracias a los préstamos que le otorgó la Fundación Paraguaya pudo comprar mercaderías de todas las variedades y muy especialmente los productos de rotación diaria como ser, carne, azúcar, aceite, bebidas de todas las marcas, huevo, fideo, etc.


Gerardo, afirma que necesita comprar un congelador de 3 puertas para mantener bien frías sus bebidas ya que los fines de semana registra buena venta y en ésta época de calor las bebidas son los de mayor venta.


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Journal entries for Gerardo Recalde


Loan has been disbursed
 
Entrepreneur: Gerardo Recalde
Location: Caacupe, Paraguay

Thank you for your loan. It has been disbursed to Gerardo Recalde by Fundación Paraguaya in Paraguay. We are excited to watch this business grow. Over the next 12 - 18 months, Fundación Paraguaya will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Denysse Figueredo from Caacupe, Paraguay
Nov 23, 2007
Comments (6)

Kiva Help Repayment Schedule for Gerardo Recalde

  Expected Repayments Actual Repayments Comments
February 2008 $0.00 $88.00  
March 2008 $87.50 $88.00 Repayment Received
April 2008 $87.50 $88.00 Repayment Received
May 2008 $87.50 $88.00 Repayment Received
June 2008 $87.50 $88.00 Repayment Received
July 2008 $87.50 $88.00 Repayment Received
August 2008 $87.50 $88.00 Repayment Received
September 2008 $87.50 $88.00 Repayment Received
October 2008 $87.50 $88.00 Repayment Received
November 2008 $87.50 $88.00 Repayment Received
December 2008 $87.50 $0.00 Repayment Received
January 2009 $87.50 $82.50 Repayment Received
February 2009 $87.50 $87.50 Repayment Received