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Crescencio
Mr. Crescencio Ruíz Balbuena is 41 years old and is accompanied by Señora Virginia Rotela, his wife of 20 years. They have a school age son six years old.

They began the business when Señora Virginia had her son, since at that time she could not leave to work outside of the house. They began to sell fruits and fruit salads. She carried on as home maker and cared for their son. Since Don Crescencio had success in the trial, they were encouraged to grow and continued acquiring more clients who asked them for other things such as empanadas and then vegetables, and so they grew the business little by little. Today they have worked for six years in this business and according to Don Crescencio he likes it since they can continue building and improving their house which, with much sacrifice, they began some time ago.
View original language description ↓
El señor Crescencio Ruíz Balbuena tiene 41 años y está acompañado con la señora Vrginia Rotela desde hace 20 años. Tienen un hijo en edad escolar de 6 años de edad.

Empezaron con el negocio desde de que la señora le tuvo al hijo, ya que la misma no podía salir a trabajar fuera de la casa. Empezaron a vender frutas y ensalada de frutas. La señora se desempeñaba como ama de casa y cuidaba de su hijo, como tuvo éxito en la prueba se animaron a crecer y fueron adquiriendo más clientes quienes le pedian otras cosas como empanadas, luego verduras, y así poco a poco fueron creciendo con el negocio. Hoy ya cuenta con 6 años de esta actividad y según comenta Don Crescencio le gusta ya que pueden seguir consrtruyendo y modificando su casa, que con mucho sacrificio empezaron hace un tiempo.

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.

About Paraguay

  • $8,400
    Average annual income
  • 92
    View loans »
    Paraguay Loans Fundraising
  • $31,441,600
    Funds lent in using Kiva
  • 5,035.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Crescencio purchase of merchandise for his store: Consumer products like sugar, breads, meat, milk products, fruits, and vegetables.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2009
Listed
May 3, 2009
Currency Exchange Loss:
Covered
Ended:
May 15, 2010