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Emmanuel
Emmanuel is 22. He comes from a family of retailers; his father has a convenience store and his mother has a pharmacy. Emmanuel decided to move out a year ago and with his family's help was able to start his own business, which is a general store. He also says he learned a lot from his parents about how to run and improve a business. He is very happy about Fundación Paraguaya's trust in him, and he requests this loan to purchase beer, wine, soft drinks, flour, rice, pasta, etc. which will be very helpful to him in continuing his sales.
View original language description ↓
Emmanueltiene 22 aaños viene de una Familia de comerciantes, su papa tiene una despensa y su mama tiene una Farmacia.
Él se animó y con la ayuda de su familia se independizo hace 1 año y pudo montar su propio negocio que es una despensa, comenta que le va muy bien en su local y que ya gano muy buena clientela. Comenta además que aprendió muchos de sus padres de cómo administrar y llevar adelante un negocio.
Está muy contento por la confianza que le dio la fundación paraguaya y solicita de este crédito para poder invertirlo en la compra de cerveza, Vino, gaseosas, harina, arroz, fideos, etc., lo cual le será de mucha ayuda para poder seguir con sus ventas.

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.

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About Paraguay

  • $8,400
    Average annual income
  • 112
    View loans »
    Paraguay Loans Fundraising
  • $31,570,750
    Funds lent in using Kiva
  • 4,465.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Emmanuel to buy beer, wine, soft drinks, flour, rice, pasta, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2013
Listed
Oct 20, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014