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Flaminio
Flaminio is 26 years old, single and lives with his parents in the city of Coronel Oviedo. He has six siblings, who work and help their parents. Flaminio has been a mechanic for 18 years, saying that he has helped out since he was little. Today he already has a motorcycle repair shop in his parents' home, and he feels very proud of his achievements. He started working on his own from a very young age and has been able to reach all of his goals. With this work he was able to study and make an investment into a plot land in the city where he lives, where he hopes to start a family with his girlfriend in the future. He is very pleased with the opportunity for a loan through Kiva partner Fundación Paraguaya, and in this way he will be able to grow his business. He is requesting the loan to purchase a compressor, with which he will be able to continue working and provide a good service to his customers.
View original language description ↓
El Sr. Flaminio tiene 26 años de edad, es un joven soltero vive con sus padres en la ciudad de Coronel Oviedo, tiene 6 hermanos, quienes trabajan y ayudan a sus padres.
El Sr. Flaminio es mecánico desde los 18 años, comenta que desde pequeño fue ayudando y hoy ya tiene su taller de motos en el casa de sus padres, se siente muy orgulloso por sus logros, comenzó a independizarse desde muy joven y así lograr todas sus metas. Con esta activad pudo estudiar y conseguir realizar inversiones de un terreno propio en la ciudad donde vive en donde a futuro quiere formalizar su relación con su novia. Está muy contento con la oportunidad que le brinda la Fundación Paraguaya con el crédito, de esta manera podrá crecer en su negocio.
Solicita este crédito para la compra de un compresor, con el cual podrá seguir trabajando y dando un buen servicio a sus clientes.

Additional Information

More information about this loan

This loan is designed for young people aged 15 to 25 whose families are living in poverty and who wish to start a new business or improve an existing business. As part of its Youth Entrepreneurship program, Fundación Paraguaya’s staff members offer mentorship, as well as training courses and workshops in finance and business administration. Borrowers also receive standard benefits like health coverage and life insurance. This type of loan is not offered by most other financial institutions in Paraguay. Young borrowers are often considered to be too risky because they lack prior credit history or business experience.

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
  • 59
    View loans »
    Paraguay Loans Fundraising
  • $27,639,125
    Funds lent in using Kiva
  • 4,414.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Flaminio to purchase a compressor for his repair shop.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2013
Listed
Jun 23, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 16, 2014