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Hipolito is the owner of a repair workshop in a well-known market called Mercado de Abasto in Ciudad del Este. A few years ago, Hipolito started selling different types of products house-by-house in his town. There, Hipolito gained experience and learned essential lessons about how to treat customers. Moreover, from the earnings of this business, he was able to save a considerable amount of money to invest in his present repair workshop.

Hipolito employs a boy who helps him when necessary.

In order to prosper, Hipolito wants to enlarge his repair shop. The expansion will benefit him, since he will have more space to work, and he will be more comfortable. Therefore, the money provided by the credit will be used in the amplification of his business.

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
  • 93
    View loans »
    Paraguay Loans Fundraising
  • $31,419,450
    Funds lent in using Kiva
  • 4,230.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Hipolito amplification of shop.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Jun 7, 2008
May 16, 2008
Currency Exchange Loss:
Jan 15, 2009