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María Margarita
Maria is a 57 year old single mother. She supports her son with her small restaurant while he attends university studying engineering.
She started her business 8 years ago, but hasn´t always worked in food industry. She used to work in high fashion as a seamstress for 30 years. However, the long history of wars, dictators (particularly that of Alfredo Stroessner which lasted 30 years), and corruption left the Paraguayan economy in shambles, and for lack of work Maria was forced to give up her passion to support her family.
Maria dreams of one day returning to the fashion industry. For now she is trying to be as successful as possible with her restaurant so that she can save to buy sewing machines to begin working in her field once again. She is requesting this loan to purchase more food for the restaurant.

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
  • 134
    View loans »
    Paraguay Loans Fundraising
  • $31,646,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped María Margarita to purchase more food.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 9, 2007
Listed
Sep 25, 2007
Currency Exchange Loss:
N/A
Ended:
Sep 26, 2008