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Magno
Magno is from the city of Santaní. He has his own house. He also has children, and he says his wife is a merchant.

He's a very hardworking, responsible, and honest man. He started working in a furniture shop as an assistant, and later as a manager. His dream always was to have his own business and work independently to generate more income to improve his family's quality of life.

As time went by he began to sell furniture in his own store and throughout the area. He acquired a lot of customers, expanded his store more and started a well-stocked grocery store, and expanded his clientele and his daily sales.

Magno's requesting this loan to be able to stock his store with necessity items such as noodles, rice, vegetables, meat, and other supplies, because this will help him continue with his sales.
View original language description ↓
El Señor Magno es de la ciudad de Santaní, tiene casa propia, también tiene hijos, y cuenta que su esposa es comerciante.
Es un señor muy trabajador, responsable y muy honesto, empezó a trabajar en una carpintería como ayudante y más adelante como encargado, su sueño de siempre era de tener su propio negocio y trabajar en forma independiente, generar más ingresos para mejorar la calidad de vida de su familia.
Con el correr del tiempos empezó a vender muebles en su propio local y por toda la zona, consiguió muchos clientes amplió mas su local y formo una despensa bien surtida, aumento su clientela y sus ventas diarias.
Magno solicita de este crédito para poder surtir la despensa con insumos de primera necesidad, como ser fideos, arroz, verduras, carne, y demás insumos, ya que estos lo ayudaran a seguir con sus ventas.

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
  • 79
    View loans »
    Paraguay Loans Fundraising
  • $29,572,900
    Funds lent in using Kiva
  • 4,005.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,375 helped Magno to buy noodles, rice, vegetables, meat, and other supplies.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
Mar 28, 2013
Currency Exchange Loss:
Covered
Ended:
Feb 21, 2014