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Ricardo
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Ricardo is 56 years old and has been married for 34 years to Prisciliana, who is 55 years old. They have 5 children aged 32, 29, 27, 22 and 20. The three oldest are married and live with their respective partners and have their own houses. The two youngest children, on the other hand, still live at home and help them with the business.



Ricardo tells us that previously he used to work at an oil factory that later went bankrupt. Due to this turn of events he decided to find a different way to earn a living and this is how he got started selling charcoal and firewood.



Thanks to his efforts he was able to support his family and help them get ahead. Additionally he was able to enjoy the comforts of owning his house and a truck that he now uses to deliver his products.



Ricardo proudly mentions that he is doing well in his business and that he can count on the constant support of his family. The loan he is requesting will be used to purchase charcoal and firewood for him to sell.



Translated from Spanish by Libertad Leal, Kiva volunteer.





Ricardo tiene 56 años, está casado hace 34 años con Prisciliana de 55 años. De la unión de ambos nacieron 5 hijos de 32, 29, 27, 22 y 20 años respectivamente. Los tres hijos mayores ya están casados y viven con sus respectivas parejas, ya poseen sus casas propias mientras que los dos hijos menores aún viven con ellos y les ayudan en el negocio.



Ricardo cuenta que anteriormente trabajaba en una fábrica aceitera que luego fue a la quiebra. Por tal motivo comenzó a buscar una actividad a la cual dedicarse y fue así que comenzó con la venta de carbón y leñas.



Gracias al fruto de su esfuerzo pudo mantener y sacar adelante a toda su familia, además de obtener comodidades como su casa propia y una camioneta que hoy día emplea en la distribución de sus mercaderías.



Ricardo comenta orgulloso que le va muy bien en su trabajo y que además cuenta con el apoyo constante de toda su familia. El crédito que solicita desea invertirlo en la compra de leñas y carbón para la venta.

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
  • 52
    View loans »
    Paraguay Loans Fundraising
  • $28,564,525
    Funds lent in using Kiva
  • 4,566.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Ricardo purchase of charcoal and firewood.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 23, 2008
Listed
Apr 6, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009