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Sr. Francisco is 41 years old. He is single and has a girlfriend, but she is not participating in this loan because they do not live together. His girlfriend lives with her mother.

Francisco has been in business since 2003 and started working with Fundación Paraguaya in 2005 when he had an established location in the city of San Lorenzo. He started traveling and selling in the streets, but once he acquired a set number of customers he secured a shop in a good location so that he could have a large inventory and wide variety of merchandise.

With this loan, Francisco plans to buy a larger television and a sound amplifier. Any subsequent loan will be used to upgrade his inventory of products.

View original language description ↓
El Sr. Francisco tiene 41 años, es soltero pero tiene novia, quien no participa del crédito porque no viven juntos, ella vive con su madre.
Su actividad la está realizando desde el año 2003 y desde el año 2005 empezó a trabajar con Fundación Paraguaya, cuando ya tuvo un puesto fijo en la Ciudad de San Lorenzo. Empezó vendiendo y recorriendo las calles, pero viendo que ya tenía formada cierta cantidad de clientes consiguió un local de buena ubicación para tener mayor cantidad y variedad de mercaderías.
Con este crédito piensa comprar un televisor más grande y un amplificador de sonido, y por lo que sobre del préstamo invertirlo para actualizar el stock de productos.

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
  • 47
    View loans »
    Paraguay Loans Fundraising
  • $38,032,600
    Funds lent in using Kiva
  • 4,410.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Francisco to purchase a television and an amplifier.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Feb 23, 2011
Mar 11, 2011
Currency Exchange Loss:
Apr 15, 2012