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Daniel
Daniel is 36 years old and has been married to Lucille for seven years. They have two children, aged 4 and 5. Since Daniel was very young, he started working in the market with his uncle, selling fruits and vegetables in a small stall. When he turned 18, he traveled to Argentina to work in tailoring. Since then, he has been creating costumes for men. He worked for 5 years in Argentina, and with his small savings he returned to Paraguay to set up a small business selling honey. With the support of his wife who helps selling the product, they hope to generate revenue. He is very grateful for the business because they now have their own home and a vehicle, which makes it easier to distribute honey to different parts in the city.
They are very happy with their jobs because of the earnings they have made. The income gives them economic stability for their entire family. This time, he is applying for a loan to buy more honey, to make honey cakes and sweets. Having more capital means getting better prices that will help sell their products in wholesale form.

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
  • 18
    View loans »
    Paraguay Loans Fundraising
  • $29,459,275
    Funds lent in using Kiva
  • 4,895.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Daniel to purchase honey.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2009
Listed
Oct 13, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2010