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Fermin
Fermin is single and still lives with his parents. He has a bakery where he works alongside his parents. He says he used to work at another bakery where he learned the trade, and saved up some money to buy the first of his baking equipment.

The work that this family is doing is allowing them to purchase more equipment in order to increase production and give their customers better quality.

Fermin is requesting this loan to buy ingredients for his baked goods, such as flour, salt, yeast, butter, and other products. This will allow him to keep making quality baked goods.
View original language description ↓
El Sr. Fermin es soltero aún vive con sus padres, tiene una panadería en la que trabaja con sus padres, comenta que anteriormente trabajaba en una panadera donde aprendió el oficio, y con una plata que junto compro las primeras máquinas para hacer los panificados.
Gracias al trabajo que realiza esta familia están comprando más maquinarias para que de esa manera vayan aumentando su producción y puedan dar mejor calidad a sus clientes.
Fermin pide este préstamo para poder comprar materia prima para sus panificados, como ser harina, sal, levadura, mantecas y demás, y de esa forma seguir produciendo panificados de calidad.

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.

Tags

About Paraguay

  • $4,555
    Average annual income
  • 60
    View loans »
    Paraguay Loans Fundraising
  • $27,639,125
    Funds lent in using Kiva
  • 4,418.1
    Paraguay Guarani (PYG) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,250 helped Fermin to buy flour, salt, yeast, butter, and other ingredients for baking.
62% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2014
Listed
Jun 27, 2014
Currency Exchange Loss:
Possible