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Pelagio and his wife run a small bakery, a business he inherited from his father. He has two children to support, both of whom are in college. Although his bakery is doing well, he needs a loan to increase his production and to enable him to set the prices of his goods at more competitive rates.

With the requested loan, he will buy more products in bulk to drive down the prices of his products. In this way, the loan would make his breads and baked goods less expensive and, accordingly, the demand for his goods should increase. It is important for Pelagio to secure this loan because it will help to insure that he can make the payments that are necessary for his children’s education.

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
  • 98
    View loans »
    Paraguay Loans Fundraising
  • $32,366,075
    Funds lent in using Kiva
  • 4,723.1
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Pelagio to purchase baking ingredients in bulk.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Mar 10, 2008
Feb 24, 2008
Currency Exchange Loss:
Feb 15, 2009