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Miguel
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Miguel N. produces and sells springs; he has had this business for more than 20 years. Miguel lives in the city of Limpio (which means clean in Spanish), located 30 minutes away from Asuncion, where he has his shop and factory.


In the mornings, Miguel works at a retirement home, repairing chairs and beds amongst others.
He then works at his workshop, where he makes and sells the springs. He buys wires in different sizes and widths then gives them the required form with a special machine in order to produce the springs.


Most of his clients are cars or motorcycle repair shops. This year, his goal is to become the sole provider of the biggest motorcycle’s factory in Paraguay.


He therefore requests a loan to buy the working material (more wires) he needs.

Translated from Spanish by Jimena Almendares Leistner, Kiva Volunteer.



Miguel N. se dedica a la fabricación y ventas de resortes. Esta actividad la desarrolla desde hace ya más de 20 años. El vive en la ciudad de Limpio que queda a treinta minutos de Asunción en donde posee su fabrica y local de ventas.


Por las mañanas, Miguel trabaja en un hogar de Ancianos realizando reparaciones varias en las sillas, camas entre otras cosas. También fabrica sus resortes en el mismo lugar de venta, compra alambres de distintos tamaños y grosores y le da forma con una máquina especial.


La mayoría de sus clientes son talleres de reparación de vehículos y motocicletas. Este año tiene como meta ingresar como único proveedor en la fábrica más grande de motocicletas de Paraguay.
Solicita el crédito para poder adquirir más elementos de trabajo.

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
  • 52
    View loans »
    Paraguay Loans Fundraising
  • $28,140,525
    Funds lent in using Kiva
  • 4,671.9
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Miguel to buy wires in different sizes and widths in order to produce springs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 12, 2008
Listed
Jan 29, 2008
Currency Exchange Loss:
Covered
Ended:
Feb 20, 2009