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Pedro
Mr. Pedro M., 41 years old, is married to Elsa Franco, 37 years old. The couple has five children, three school-aged. They live in their own house thanks to an inheritance received from his grandfather. Today the house is both his home and his workplace. Since he was very young he worked in carpentry working first as an employee. Seeing the need, wanting to get ahead and being married with children, in 2002 his grandfather decided to support and invest in him and that is how he built his own carpentry business. With his experience and hard work he was able to very quickly gain many customers. Today, thanks to the income from his business he is able to afford the household expenses, his children's studies and to improve their quality of life. The loan is needed to increase his lumber supply to provide better service to his customers.
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El Señor Pedro M., tiene 41 años, esta casado con Elsa Franco de 37 años, la pareja con 5 hijos menores tres de ellos en edad escolar.nViven en casa propia gracias a una herencia que recibió de su abuelo que hoy día es su vivienda y su local de trabajo. nDesde muy joven trabajo en una carpintería realizando trabajos como empleado, viendo la necesidad y las ganas de salir adelante mas aun ya casado y con hijos en el año 2002, su abuelo decidió apoyarlo con un capital y así poder montar su propia carpintería.nCon su experiencia y buenos trabajos se pudo hacer muy rápido de una buena cantidad de clientes.n Hoy día gracias al ingreso de su negocio el puede solventar los gastos de la casa y el estudios de sus hijos y elevar su nivel de vida.nLa solicitud de préstamo obedece a la necesidad de aumentar el stock de maderas. Y así brindar una buena atención a sus clientes.

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

  • $4,555
    Average annual income
  • 64
    View loans »
    Paraguay Loans Fundraising
  • $28,817,200
    Funds lent in using Kiva
  • 4,608.7
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Pedro to increase his lumber supply.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 9, 2008
Listed
Nov 17, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009