Check out some available loans that are similar to this one!
Oscar
View original language description ↓
Oscar D. is married and has two school age daughters.Oscar has owned a well-stocked convenience store for seven years. Previously he was a delivery driver for a consumer products business. After a few years he was able to save and decided to launch his own business out of his house.

The business is now 9 years old and boasts a well developed clientele, especially among his neighbors. Oscar says that thanks to the loans that he has received from Fundación Paraguay he was able to progress in his business and maintain both the business and his family. He also purchased a motorcycle that he uses to make home deliveries.

Oscar's dream is to be able to offer his daughters the possibility of studying in the university and becoming professional women, since he did not have that opportunity. He has already begun to save for this dream.

Oscar is requesting a loan with which he wants to stock a wider variety of products in his store, so that his clients will not have to turn to supermarkets for the purchase of convenience items.

Translated from Spanish by Erin Corcoran, Kiva volunteer.

Oscar Domínguez está casado y tiene dos hijas pequeñas que están aun en edad escolar. Oscar cuenta con una despensa bien surtida hace siete años, anteriormente era chofer repartidor de una empresa de productos de consumo masivo después de unos años pudo ahorrar y decidió independizarse montando un negocio en su propia casa.


El negocio ya tiene nueve años de antigüedad y posee una muy buena clientela formada, especialmente por vecinos de la zona. Oscar dice que gracias a los créditos que recibió de la Fundación Paraguaya pudo progresar y mantener su negocio y familia, también adquirió una moto que hoy lo utiliza para realizar repartos a domicilio.


El sueño de Oscar es poder ofrecer a sus hijas la posibilidad de estudiar en la universidad para ser profesionales, ya que él no contó con esa oportunidad; y para ello ya ha empezado a ahorrar.


Oscar solicita un crédito con el que desea surtir de mayor variedad su despensa, de este modo sus clientes no tendrán necesidad a recurrir a supermercados para la compra de artículos de primera necesidad.

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
  • 73
    View loans »
    Paraguay Loans Fundraising
  • $30,786,450
    Funds lent in using Kiva
  • 4,427.8
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Oscar purchase flour, herbs, milk, baked goods, beverages, canned good, cleaning products and other convenience items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 9, 2008
Listed
Apr 10, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009