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Ernest is 56 years old and lives in the city of Itá with his wife. For 16 years, he has been earning a living making saddlery in his own home.

Ernesto has been a client of the foundation since 2007 because through the loans that they have granted he went on growing as a mico-entrepreneur and thus expanded his products to the rest of the country.

The loan that he is requesting is to buy leather that was offered to him at a low price because his normal price is a little high and, in this way, he wants to be able to continue growing and improving his products.
View original language description ↓
El Sr. Ernesto tiene 56 años, vive en la ciudad de Itá con su esposa, el se dedica a la talabartería hace como 16 años en su propia casa.
Don Ernesto es cliente de la fundación desde el año 2007, ya que mediante los créditos que se les fueron otorgando fue creciendo como micro empresario y así expandió sus productos hacia el interior del país.
El préstamo que solicito es para la compra de cueros que se le ofreció a bajo precio ya que su precio actual es un poco elevado y quiere de esa forma poder seguir creciendo y mejorando sus productos.

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
  • 98
    View loans »
    Paraguay Loans Fundraising
  • $32,360,775
    Funds lent in using Kiva
  • 4,437.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Ernesto to buy leather.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 21, 2012
Oct 18, 2012
Currency Exchange Loss:
Nov 17, 2013