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Milciades
View original language description ↓
Mr. Milciades B. works in the fabrication of women’s intimate apparel along with his wife. They have been working in this field for more than 14 years.



They began with a family sewing machine, but currently they have three industrial sewing machines. They make more than two hundred items per week which they distribute in the capital. They are suppliers for different stores in various cities, and their business is going very well.



Milciades wants a loan in order to purchase raw materials like fabric, thread, bra straps, etc. in order to continue producing in large quantities since demand is increasing positively.

Translated from Spanish by Debra Faszer-McMahon, Kiva Volunteer.



El señor Milciades B. trabaja en la fabricación de ropas interiores para dama con su esposa hace ya más de 14 años.



Ellos comenzaron con una máquina de coser familiar, actualmente tienen tres máquinas de coser industriales y fabrican más de doscientas prendas por semana que distribuyen en la capital. Ellos son proveedores de diferentes tiendas en varias ciudades, y les va muy bien con el negocio.



El señor Milciades desea el préstamo para poder adquirir materia prima como telas, hilos, breteles, etc. para seguir produciendo en grandes cantidades ya que la demanda crece positivamente.

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
  • 94
    View loans »
    Paraguay Loans Fundraising
  • $31,344,150
    Funds lent in using Kiva
  • 4,671.6
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Milciades purchase raw material like fabric, thread, bra straps, etc.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 10, 2007
Listed
Nov 24, 2007
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2009