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Florentino
Description: Florentino is married to Isabel Gimenez de Gonzalez. They have five children. Three are adults and two are still under their care. He lives in his own house that belongs in the YTUMI company of the city of CAACUPE, where he has his business. The business started more than 20 years ago when they married. They saw an opportunity in the place where they live and with time they expanded to other areas.

The family makes chipas [a traditional cheese bread] to sell. They also possess a stall where he obtains milk for resale, and he buys coconut to resell to companies that produce soap and coconut oil.

The loan that he is asking for will be invested in the purchase of raw materials to make chipas (starch, cheese, vegetable shortening) and to purchase coconut. Florentino wants to grow his business day by day in order to increase his family income and give his whole family a dignified life.
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Descripción: El sr Florentino es casado con la Sra. Isabel Gimenez de G., tienen cinco hijos, tres mayores y dos menores a su cargo, vive en casa propia en la compañía YTUMI de la ciudad CAACUPE en donde posee su negocio.
El negocio surgió hace mas de 20 años cuando se casaron, vieron una oportunidad en lugar donde están y con el tiempo fueron incrementando mas rubros.
La familia se dedica a la elaboración de chipas para vender, además posee un tambo de donde obtiene leche para la venta, y acopia (compra minorista para reventa) coco para venderlos a las fabricas que producen jabones y aceites de coco.
El crédito que solicita lo invertirá en la compra de materia prima para la producción de chipas, (almidón, queso, grasa vejetal ) y para el acopio de coco. El Sr. Florentino desea crecer con su negocio día a día para incrementar su ingreso familiar y dar una vida digna a toda su familia.

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
  • 55
    View loans »
    Paraguay Loans Fundraising
  • $28,760,275
    Funds lent in using Kiva
  • 4,725.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Florentino to purchase starch, cheese and coconut.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2010
Listed
Apr 20, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010