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María
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Maria is 44 years old, married to Mr. Cirilo Ortega, and they have 2 children. They own a small "chipas" factory at their home. Mrs. Maria, with the help of one of her sisters, is in charge of the production. The "chipa" is a typical Paraguayan food; it is similar to bread and consists of dough, cheese, milk, vegetable oil, and other ingredients.

Her husband Cirilo is in charge of the sales. He travels every day to the city of Clorinda, Argentina (the neighboring country) to sell his tasty products. He has a well-known stand in this city, where he has been working for about 25 years now.

They are requesting a loan to enlarge the roof of their barn which will give them more space to produce the chipas. Thanks to this business, they have been able to buy their own home as well as pay for the studies of their two children, who at this moment are enrolled at the university.

Translated by Ramón F. Kolb, Kiva Volunteer.

Original description in Spanish:

Maria, tiene 44 años, ella está casada con el señor Cirilo Ortega y tienen 2 hijos, ellos poseen una pequeña fábrica de chipas en su mismo domicilio, la encargada de realizar la producción es la señora Maria con una de sus hermanas quien la ayuda en la elaboración del producto. La chipa es una comida típica muy consumida en Paraguay, es parecido al pan y esta hecho a base de almidón, queso, leche, aceite vegetal, entre otros.

Su marido Cirilo es el encargado de las ventas, el viaja todos los días hasta la Ciudad de Clorinda – Argentina (país que limita con Paraguay) para vender sus ricos productos ya que tiene su puesto de venta en esa ciudad y que ya es bastante conocido en el lugar ya que lleva trabajando unos 25 años en esa zona.

Están solicitando el préstamo para ampliar el techo de su galpón y así tener mayor comodidad para elaborar y producir las chipas. Gracias a éste trabajo ellos pudieron comprar y hacerse de una casa como así también educar a sus dos hijos quienes actualmente están estudiando en la universidad.

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
  • 55
    View loans »
    Paraguay Loans Fundraising
  • $29,518,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped María to enlarge and renovate her store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 17, 2007
Listed
Sep 2, 2007
Currency Exchange Loss:
N/A
Ended:
Sep 8, 2008