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Carmelo
Carmelo B. is 38 years old and is married to Alicia Rolon. Together they have three children, a fourteen year old daughter and two younger sons. During the week, Carmelo works as a mechanic, and on the weekends and some nights, he works as a taxi driver. Carmelo works a lot, but does so in order to better the life of his wife and three children.
He has been working with Fundacion Paraguaya for only a short amount of time, less than a year. Carmelo is asking for a loan to buy tools for his mechanic shop and to help develop his business. His hope is that soon his shop will bring in enough money so that he does not have to work on the weekends.

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
  • 69
    View loans »
    Paraguay Loans Fundraising
  • $28,785,675
    Funds lent in using Kiva
  • 4,681.2
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Carmelo to buy a set of keys and a hydraulic press.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 29, 2008
Listed
Feb 14, 2008
Currency Exchange Loss:
Covered
Ended:
Mar 4, 2009