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Teofilo is a 55-year-old man who is married and has three sons. Each of them has their own family and business. Teofilo works with his wife in his store where he sells electric materials such as cable wires, light bulbs, etc. The store is located in a strategic place on the main street, which is a very crowded area.

Thanks to Teofilo’s entrepreneurial ideas, he could bring many benefits to his entire family.

The money provided by the credit will be invested in merchandise such as cable wires, light bulbs, etc.

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
  • 102
    View loans »
    Paraguay Loans Fundraising
  • $32,366,075
    Funds lent in using Kiva
  • 4,047.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Teofilo purchase of cable wires, light bulbs, etc.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jul 14, 2008
Jun 11, 2008
Currency Exchange Loss:
Jul 15, 2009