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Laura Raquel F. Ramirez (25) is the single mother of a 2-year-old boy.

Laura is an entrepreneur who has the ability to spot business opportunities. In Paraguay is like a tradition for men to play soccer in the evening. After the game, they usually drink some beers and eat. Thinking about this fact, Laura decided to open a mini-restaurant where she sells hamburgers and different types of drinks. The restaurant is opened from 5 pm to midnight. Laura employs two poor women from her neighborhood to help her in serving the customers.

The money provided by the loan will be invested in the purchase of products such as drinks and ingredients to prepare the hamburgers for Laura’s mini-restaurant.

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
  • 94
    View loans »
    Paraguay Loans Fundraising
  • $31,365,875
    Funds lent in using Kiva
  • 4,030.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Laura purchase of drinks and ingredients to prepare hamburgers.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jun 3, 2008
May 19, 2008
Currency Exchange Loss:
Jun 15, 2009