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Mr. Gustavo Z. is single, lives with his mother, and is a taxi driver. Gustavo is the owner of two taxi stands. He drives one of his vehicles (which he also owns) and the other is driven by a contracted driver. He tells us with pride that it was with great effort he was able to buy the two taxi stands and his two vehicles.

The loan requested will be used for the repair of his home. In the future he would like to open a mechanic shop and be a source of jobs for more people.

Translated from Spanish by Kristy Placido, a Kiva volunteer.

El señor Gustavo Z. es soltero vive con su madre, el se y es taxista. Gustavo es propietario de dos paradas de taxis. El conduce uno de sus vehículos y otro vehículo que también es de su propiedad lo conduce un chofer contratado. Cuenta orgulloso que con mucho esfuerzo logró comprar las dos paradas y sus dos vehículos.

El crédito que se le otorgo fue utilizado en el arreglo de su vivienda ya que en el futuro desea poder abrir un taller mecánico y dar fuente de trabajo a más personas.

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

  • $8,400
    Average annual income
  • 26
    View loans »
    Paraguay Loans Fundraising
  • $33,435,850
    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 Gustavo expansion of home.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Sep 9, 2008
Jul 28, 2008
Currency Exchange Loss:
Sep 15, 2009