Check out other loans that are currently fundraising!
Hugo
View original language description ↓

Hugo is 38 years old. He is married to Graciela Mendoza, who is in the last year of studying to be a teacher. They have three children, all under age.


Hugo was working in Argentina for several years, then returned 9 years ago and decided to invest his capital to open his own business. Thanks to his effort, his good economic management and the quality of his products, the business has grown considerably. He has managed to improve his quality of life and that of his family.



He needs the loan for the purchase of covers, mufflers, ball bearings, exhaust pipes, cylinders, signals, etc., to enlarge his stock of merchandise and thus to satisfy the demands of his numerous clientele.



Translated from Spanish by B, Kiva Volunteer.


Hugo tiene 38 años, está casado con Graciela Mendoza quien está cursando el último año de la docencia, tienen tres hijos todos ellos menores de edad.


Hugo estuvo trabajando en la Argentina por varios años, luego regresó y decidió invertir su capital para abrir su propio negocio hace 9 años, quien gracias a su esfuerzo, a su buen manejo económico y a la calidad de sus productos ha crecido considerablemente logrando mejorar su calidad de vida y la de su familia.



Necesita el crédito para la compra de cubiertas, amortiguadores, rulemanes, caño de escape, cilindros, señaleros, etc., para aumentar su stock de mercaderías y así satisfacer la demanda de su numerosa clientela.

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
  • 73
    View loans »
    Paraguay Loans Fundraising
  • $30,204,950
    Funds lent in using Kiva
  • 3,875.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Hugo to buy merchandise for his spare parts store such as covers, mufflers, bearings, cylinders, signals, exhaust pipes, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 5, 2008
Listed
Jul 28, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009