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Ricardo
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Ricardo is 55 years old and has been married for 33 of those to Guillerma López, 52. They have six children, two of whom are married, one who is living abroad, and the other three still live with them. One of their children who lives at home is paralyzed from a soccer accident.


Thirty-three years ago, Ricardo was employed at a private business and, at the same time, was taking a carpentry course that lasted six months. At the end of it, he decided to start his own business with the little savings he had from his work.


Ricardo is very proud of his business because with it he can provide for his family. He's requesting a loan to purchase wood, nails and glue because he has been given a large order and needs these materials to begin the labor.

Translated from Spanish by Marty Greenstein, Kiva Volunteer


El Señor Ricardo O. de 55 años de edad esta casado hace 33 años con la señora Guillerma López de 52 años de edad; el matrimonio tiene seis hijos de los cuales dos ya están casados, uno de ellos se encuentra viviendo en el exterior y los tres últimos aún viven con ellos. Uno de sus hijos que vive con ellos quedó paralítico cuando practicaba football (soccer).


Hace 33 años, Don Ricardo, era empleado de una empresa privada, al mismo tiempo seguía un curso para carpinteros que duró 6 meses, al final de este curso decidió emprender su propio negocio con un poco de ahorro que había juntado de su anterior trabajo.


Ricardo se encuentra muy orgulloso de su trabajo, ya que con el puede solventar los gastos de la familia. El hoy solicita un crédito para poder invertirlo en la compra de maderas, clavos, pegamento ya que ha recibido un pedido grande y necesita de estos materiales para empezar su trabajo.

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
  • 68
    View loans »
    Paraguay Loans Fundraising
  • $30,204,950
    Funds lent in using Kiva
  • 4,658.6
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Ricardo purchase wood, nails, glue, etc.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 13, 2007
Listed
Nov 29, 2007
Currency Exchange Loss:
Covered
Ended:
Jan 3, 2008