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Facundo
Facundo G. is 75 years old, married and has eight older children. He works making clay bricks that are later baked in a firewood oven. These bricks are then used as the raw material for building houses. Facundo began working with his father from whom he learned the trade. He currently has one of the most renowned brick-making businesses in the area. He produces about 40,000 to 45,000 bricks per month. His success is due to the weather resistant, high quality bricks he makes.


Thanks to his work and constant effort, he has been able to build his own house and with his income cover the expenses of his children’s educations as well as household expenses. The credit he has applied for is for the repair of a bricklaying mill, which is used to mix clay and other raw materials to make bricks.

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

  • $4,555
    Average annual income
  • 15
    View loans »
    Paraguay Loans Fundraising
  • $29,311,225
    Funds lent in using Kiva
  • 5,040.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Facundo repair of brick mill.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 26, 2009
Listed
Jul 1, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010