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Miguel
Miguel Ángel P. is thirty years of age. He tells us that from a very early age he worked making bricks alongside his father and so did not have the chance to go to school nor obtain a university degree.

With the passage of time he became the owner of an olería (a factory producing bricks out of clay that is baked in a kiln). Said money will be used for the purchase of the olería. He obtained it by working day by day in his father's olería and bought that factory so as to have a means of doing this work. He hopes to build his own house where he may one day become independent.

The requested loan is for repairs to the factory's clay mixer since over time it was needing a bit of refurbishment.

Miguel Ángel P. gives thanks to the Fundación Paraguaya for the loan that was granted.
View original language description ↓
El Señor Miguel Ángel P. cuenta con 30 años de edad, el nos contó que desde muy joven trabajó en la elaboración de ladrillos junto con su padre, ya que no tuvo la oportunidad de estudiar y tener un título universitario.
Con el correr de los tiempos se hizo dueño de una olería (fábrica de ladrillos a base de arcilla que es quemado en un horno), dicho dinero será destinado para la compra de la olería, el lo consiguió trabajando día a día en la olería de su padre, compro esa olería para poder de esa forma trabajar y así construir su propia casa donde más tarde se pueda independizar.
El crédito solicitado es para la reparación del trapiche de la olería (mescladora de arcilla), ya que con el tiempo ya le hacía falta un poco de refacción.
El señor Miguel Ángel P. agradece a la Fundación Paraguaya por el crédito otorgado.

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
  • 75
    View loans »
    Paraguay Loans Fundraising
  • $30,761,400
    Funds lent in using Kiva
  • 4,960.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Miguel for repairs to a clay mixer.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 21, 2010
Listed
Oct 30, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011