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Fulgencio R. Ibarra is married, lives in the company of Candia de Atyra, and has his own house. He began his business with the production and sale of chipa (bread made with manioc or corn flour, typical of Paraguay), increasing his income and leading to opening a store in his house.

He started at first selling products from his garden and milk from his animals. In view of the good milk production from his animals as well as the sale of chipa bread, he continued little by little moving into other products for his store. It was then that he acquired a loan from Fundación Paraguay to achieve his goal.

In this way Fulgencio Rolón Ibarra today has a well supplied local store. He deeply thanks Fundación Paraguay for the consistent assistance they have provided to him.
View original language description ↓
Fulgencio R. Ibarra, es casado, domiciliado en la compañia Candia de Atyra, tiene casa propia.
El se inicio con la producción y venta de chipa, acrecentando sus ingresos, dio marcha a la apertura de una despensa en su domicilio, iniciándose primeramente con productos de su huerta como también la venta de leche de sus animales.
En vista a la buena producción de leche de sus animales, como también la venta de chipa, fue de apoco incursionando en otros productos de almacén. Fue entonces que adquirió un crédito de Fundación Paraguaya para lograr su objetivo.
Es así que Fulgencio Rolón Ibarra cuenta hoy en día con una almacén bastante surtida en la zona y agradece profundamente a Fundación Paraguaya por el apoyo constante que le han brindado.

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
  • 136
    View loans »
    Paraguay Loans Fundraising
  • $31,646,450
    Funds lent in using Kiva
  • 4,638.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Fulgencio acquisition of general merhandise for festivals at the end of the year like cider, soft drinks, fruits, vegetables, lights, meats, general ingredients, etc.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Nov 25, 2009
Dec 16, 2009
Currency Exchange Loss:
Nov 15, 2010