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Francisca
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Mrs. Francisca Z. is fifty-three years old. She lives with Mr. Simón Galeano Ortiz, who is sixty years old. They live in their own house in the city of Ybycuí. They own a well-stocked grocery that they established thanks to an inheritance that they had received from her father.

A few years ago, Francisca closed her business because of a grave illness. After she received costly medical treatments, she had a complete recovery and returned to open her business. Because of this, she took out a loan, with which she bought merchandise that quickly gave her profits.

At present, the business works well, but Francisca wants to continue expanding it. It is for this reason that she seeks a new loan that she will invest into the purchase of more merchandise for her grocery.

Translated from Spanish by A. Shah, Kiva Volunteer.

La señora Francisca Z. tiene 53 años de edad vive en compañía del señor Simón Galeano Ortiz de 60 años de edad, viven en casa propia en el centro la ciudad de Ybycuí, son propietarios de una despensa bien surtida que dieron inicio gracias a una herencia que habían recibido de su padre.

Hace unos años Francisca cerró su negocio pues enfermo gravemente, luego de seguir costosos tratamientos médicos ella se recuperó totalmente y volvió a abrir su negocio para lo cual sacó en ese entonces un crédito. Con el crédito compro las mercaderías que pronto dieron sus frutos y beneficios.

Hoy día el negocio marcha muy bien, pero Francisca desea seguir expandiéndolo, para ello hoy solicita un nuevo crédito que lo invertirá en la compra de más mercaderías para su despensa.

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
  • $30,964,775
    Funds lent in using Kiva
  • 3,887.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Francisca to buy merchandise like sugar, meat, canned goods, cleaning products, soaps, snacks, soft drinks, etc.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 30, 2008
Listed
Jul 27, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 28, 2009