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Mr. Luis M. Ruiz resides in the city of Quiindy. He owns a small honey business and has been engage in this activity for several years with much experience in the field.

He had a loan with our institution which was used for the purchase of sugar cane that is the main raw material of its product. He states that the financial assistance that he received was very useful.

He is asking for a loan that will be invested in the purchase of wood that is needed to process the honey.

View original language description ↓
El Sr. Luis M. Ruiz es de la ciudad de Quiindy, propietario de y una pequeña fábrica de miel dedicándose a esta actividad hace varios años con mucha experiencia en el ramo.
Accedió a un crédito con nuestra entidad el cual fue empleado para la compra de caña de azúcar que es la materia prima principal de su producto, manifestando que le fue muy provechosa la asistencia crediticia que recibió.

Con el crédito adquirirá una buena cantidad de leña que necesita para procesar la miel.

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
  • 76
    View loans »
    Paraguay Loans Fundraising
  • $35,099,950
    Funds lent in using Kiva
  • 4,920.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Luis working Capital.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Aug 7, 2009
Aug 31, 2009
Currency Exchange Loss:
Aug 15, 2010