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Gladys
Gladys Medina is a single, 45-year-old mother of one child, and she takes care of her mother and her son.


She is a teacher in a primary school located in San Lorenzo. However, teaching is not a well-paid profession in Paraguay, so her salary is very low and is not enough to cover all of the expenses of her household.


To generate additional money, she rents out a house to a transport company. But, because the house that she rents is quite old, the company only promises to continue renting the house as long as Gladys makes improvements to the property. Therefore, Gladys is seeking a loan to make such improvements to the house.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Paraguay

  • $8,400
    Average annual income
  • 99
    View loans »
    Paraguay Loans Fundraising
  • $30,930,425
    Funds lent in using Kiva
  • 4,150.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Gladys to meet the demands of her tenant (a transport company) by making improvements to the house that the company rents from her.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 5, 2008
Listed
May 19, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009