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Hugo is 55 years old, married, and the father of 4 children -- 2 of whom are married, and two of whom are still dependent on him. He is a traveling salesman, and has a car he goes out with to make his sales in the Caacupé area, and, once a week, the San Pedro area. He has a developed clientele, since it has been almost 2 years since he started this business. The loan will be used to buy sausage, candy, and pasta, which will increase his stock and make it possible for him to meet much of his demand and improve his income so he can cover basic family needs, and college fees for his children.
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Hugo tiene 55 años, está casado y tiene 4 hijos, de los cuales 2 ya están casados y dos aún dependen él. Es vendedor ambulante y posee un vehiculo con el cual sale a hacer sus ventas por las zonas de Caacupé y una vez por semana hacia la zona de San Pedro. Cuenta con clientela formada ya que hace casi 2 años que se dedica a esta actividad. El crédito lo utiliza para compra de embutidos, golosinas y fideos, y con esto aumentara su stock y posibilitara que satisfaga gran parte de su demanda, y mejorar sus ingresos que con el cual cubre las necesidades básicas de su familia y los gastos de la universidad de sus hijos.

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

  • $8,400
    Average annual income
  • 49
    View loans »
    Paraguay Loans Fundraising
  • $38,032,600
    Funds lent in using Kiva
  • 5,080.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Hugo to purchase sausage, candy, and pasta.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
May 6, 2009
May 31, 2009
Currency Exchange Loss:
May 15, 2010