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María

Maria V., 45, is married to Carlos V., 50, and lives in Paraguarí, Paraguay where she owns a small grocery. Together she and Carlos have two children who already have jobs and homes of their own. Though her husband has a job as a construction worker, Maria decided she also wanted to contribute to the household income by opening her own store.


Maria began her grocery in her house several years ago. As business grew, she decided to move her store closer to the municipal market. Proceeding with this plan and with the willing hands of her sons, who had finished school, she was able to open her store with success.


With the credit she will obtain, Maria plans to buy greater quantities of merchandise, including breads, dairy products and drinks. All of these items are in high demand. She wishes to satisfy her growing customer base as well as increase her monthly income.

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
  • 62
    View loans »
    Paraguay Loans Fundraising
  • $29,035,975
    Funds lent in using Kiva
  • 4,946.1
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped María to purchase greater quantities of merchandise, including breads, dairy products and drinks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 18, 2007
Listed
Nov 4, 2007
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2008