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Miguel
Miguel, 44, is married to Delia, 36; they have 8 children five of which are attending secondary school and three elementary school.

Miguel started out as a merchant over seven years ago since 2005. He started out with some money he’d saved up working as an employee in a carpentry shop for several years. After getting married, his wife helped him open a store which has grown over the years. They currently have a large clientele in the community because of their good service and the variety of products they offer in their store.

He’s asking for the loan to buy soft-drinks, flour, oil, sugar, noodles, etc. to stock the store and provide wider variety for his customers.
View original language description ↓
El Sr. Miguel tiene 44 años, está casado con la Sra. Delia de 36 años, ellos tienen ocho hijos de los cuales 5 están cursando sus estudios secundarios y 3 sus estudios primarios.
Don Miguel empezó como comerciante, hace más de siete años, desde el año 2005. Él comenzó con un dinero que juntó trabajando como empleado de una carpintería, durante varios años, luego de casarse la señora le ayudo a abrir una despensa, que al correr de los años fue creciendo, y en la actualidad ellos mantienen una gran clientela en la comunidad, por los buenos tratos y la variedad de productos que ofrecen en su negocio.
El solicita el crédito para la compra de gaseosas, harinas, aceite, azúcar, fideos, etc. Con lo cual desea poder surtir su negocio y darle mayor variedad a sus clientes.

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
  • 96
    View loans »
    Paraguay Loans Fundraising
  • $30,930,425
    Funds lent in using Kiva
  • 4,600.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Miguel to buy merchandise to stock his store.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2012
Listed
Jun 26, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2013