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Miguel Angel
Mr. Miguel Angel R. C. is a happily married man with his own house that has all the necessities you'll find in a home. He is a micro-entrepreneur who owns a general store called "Nueva Esperanza" (New Hope).

He has been in business for four years, which allows him to have very good clientele and income.

He requested a loan for 4,386,356 PYG to purchase goods, oil, flour, sugar and yerba brought from across the border in Posadas Misiones, Argentina, which allows for the cost go down and profit to go up.

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
  • 102
    View loans »
    Paraguay Loans Fundraising
  • $32,360,775
    Funds lent in using Kiva
  • 4,540.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Miguel Angel to purchase goods, oil, flour, sugar, yerba, etc.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 28, 2011
Feb 13, 2011
Currency Exchange Loss:
Mar 15, 2012