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Mr. Hermenegildo V. is 50 years old and is married to Mrs. Claudia Ramirez who is 40 years old, they have 3 children studying in college right now. Mr V. worked for 11 years for a private company and he retired. His savings and his pension covered the opening of a hairdresser shop that his wife manages. Also he has a grocery store in the market where he is in charge and manages; his best clients are the market visitors. In the future he would like to open a store in his own location and that his sons graduate from the university because he didn't have the opportunity to finish his studies. The loan was invested in the purchase of merchandise like threads, needles, rubber, toys, etc.

Translated from Spanish by Fallon Shields, Kiva Volunteer.

El Sr. Hermenegildo V. de 50 años esta casado con la señora Claudia Ramírez de 40 años, poseen 3 hijos cursando el colegio actualmente.

El señor trabajó 11 años para una empresa privada y se jubiló con los años. Con los ahorros que poseía más la jubilación que cobró abrió una peluquería que administra su señora. También posee una mercería en el mercado en donde él es encargado y administrador, sus mayores clientes son los visitantes del mercado.

En el futuro le gustaría abrir una tienda con local propio y que sus hijos concluyan la universidad ya que él no tuvo la oportunidad de terminar su carrera universitaria.

El préstamo fue invertido en la compra de artículos para mercería como son hilos, agujas, gomas, botones, juguetes, etc.

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
  • 73
    View loans »
    Paraguay Loans Fundraising
  • $37,907,775
    Funds lent in using Kiva
  • 3,945.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Hermogenes compra de artículos de merceria como hilos, gomas, agujas, jueguetes, artículos para el hogar, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 13, 2008
Aug 14, 2008
Currency Exchange Loss:
Oct 15, 2009