Check out some available loans that are similar to this one!
Silvino
Silvino is 22 years old. He is living with his partner. He has been a mechanic since he was 14 years old. He began first as a secretary to a neighbor, and later opened a workshop with his brother, and laboring there he made a bit of income and at the request of many customers he decided to rent a facility where he opened a small workshop that has gotten stronger through the loyalty and preference of his clients. Now he has a well established workshop and even spare parts for sale that generates even more income so that he can improve his quality of life and help his parents.

The loan that he is seeking will be used to invest in the purchase of tools and spare parts so that he can use them in his workshop, and thus continuing giving his customers good service.
View original language description ↓
Silvino tiene 22 años, está viviendo con su pareja, el es mecánico desde los 14 años, empezó primeramente como secretario de un vecino, luego monto un taller conjuntamente con su hermano, que prácticamente fue donde se hizo de un poco de capital y por pedido de varios clientes se decidió alquilar un local en donde montó un pequeño taller que fue fortaleciéndose a través de la fidelidad y preferencia de sus clientes, en la fecha ya tiene un taller bien formado y hasta repuestos para su venta que le genera aún más ingreso para con ello poder mejorar su calidad de vida y ayudarle a sus padres.
El crédito que solicita será invertido en la compra de herramientas y repuestos para que pueda usarlos en su taller, y así seguir dando a sus clientes un buen servicio.

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
  • 47
    View loans »
    Paraguay Loans Fundraising
  • $30,204,950
    Funds lent in using Kiva
  • 4,475.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Silvino to buy tools and spare parts for his workshop.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2013
Listed
Oct 15, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014