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Hernan
Hernan is a 36-year-old grocery store owner. He is married to Lidia Estigarribia, his wife of four years.

Hernan has worked in the industry since he was young. His parents owned a small grocery store, which is where he learned all about being a grocer. After he finished high school he started taking care of the family business. Afterwards, he married his wife. Together, they started his own business as best as he knew how. They ran their grocery from their home, as they live right outside of the marketplace in the city of Coronel Oviedo.

As time passed, they realized that the business was successful. They originally sold hot bread, but Herman and Lidia applied for a loan in order to diversify their products. Today, they sell stuffed animals, thermoses, toys, paintings, and more. The business is growing and Hernan hanks Kiva for its help.

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
  • 59
    View loans »
    Paraguay Loans Fundraising
  • $27,639,125
    Funds lent in using Kiva
  • 5,030.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Hernan the purchase of clocks, paintings, stuffed animals, thermoses, toys, etc.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2009
Listed
Jun 16, 2009
Currency Exchange Loss:
Covered
Ended:
May 15, 2010