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Elena is 37 years old, single and makes a living as a merchant. She has a business selling clothes at the municipal market in the city of Itá. She says she started the business more than three years ago and that she previously worked in sewing, and used the little capital she made to start her business. Currently, she has a variety of merchandise she works with day to day to make headway for all of her family. She has decided to turn to Kiva partner Fundación Paraguaya and request a loan to purchase more merchandise because demand is high right now for winter clothing (jackets and sweaters) because of the season. Elena is thankful for the loan because it allows her to satisfy all her customers' demands.
View original language description ↓
La Señora Elena soltera de 37 años de edad es comerciante. Tiene un negocio de venta de ropas en el mercado municipal de la Ciudad de Itá.
Comenta que empezó trabajando hace más de 3 años, y que anteriormente estuvo trabajando en costura, con lo que fue consiguiendo de a poco el capital para abrir su negocio. Actualmente cuenta con variedad de mercaderías con que trabaja día a día para sacar adelante a toda su familia.
Ha decidido confiar en la Fundación Paraguaya y en Kiva y solicita el préstamo para la compra de mercaderías, ya que actualmente por la estación está contando con una gran demanda de prendas para invierno (camperas y busos).
El Sra. Elena agradece el préstamo recibido ya que gracias a ello pudo cumplir con todos sus clientes.

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
  • 96
    View loans »
    Paraguay Loans Fundraising
  • $32,366,075
    Funds lent in using Kiva
  • 4,740.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Elena purchase jackets, pants, sweaters, jumpsuits, jeans.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Apr 28, 2010
Jun 1, 2010
Currency Exchange Loss:
Jun 15, 2011