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Laura
Laura is single and doesn't have children. She finished secondary school. She was employed at a business and with time and the savings she was able to amass, she bought a sewing machine. She currently has 4 sewing machines and a cutter, as well as three employees. Thanks to her efforts her business has been able to grow and now she is a great micro-entrepreneur.

In the future she would like to expand her business because she has her own premises and a good quantity of customers. She works very hard and always puts all of herself into her work.

She is asking for this loan to invest it in items for her workshop, such as thread, needles, fabric and more. She is very thankful to the opportunity she is being given because it will be a great help.
View original language description ↓
La señorita Laura es soltera, no tiene hijos, culmino sus estudios secundarios. Ella fue empleada en una empresa y con el tiempo y con los ahorros que pudo formar se inicio comprando una maquina. Actualmente cuenta con 4 maquinas y una cortadora, y tres empleados, gracias a su esfuerzo ha podido crecer y hoy ya es una gran microemprendedora.
Le gustaría en el futuro ampliar su negocio por que cuenta con local propio y una buena cantidad de clientes. se esfuerza mucho y siempre pone todo de ella en lo que hace.
Solicita de este crédito para poder invertirlo en insumos para su taller, como ser hilos, agujas, telas y demás. Esta agradecida por la oportunidad que está recibiendo, ya que le será de mucha ayuda.

Additional Information

More information about this loan

This loan is designed for young people aged 15 to 25 whose families are living in poverty and who wish to start a new business or improve an existing business. As part of its Youth Entrepreneurship program, Fundación Paraguaya’s staff members offer mentorship, as well as training courses and workshops in finance and business administration. Borrowers also receive standard benefits like health coverage and life insurance. This type of loan is not offered by most other financial institutions in Paraguay. Young borrowers are often considered to be too risky because they lack prior credit history or business experience.

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

  • $4,555
    Average annual income
  • 62
    View loans »
    Paraguay Loans Fundraising
  • $29,035,975
    Funds lent in using Kiva
  • 4,074.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,350 helped Laura to buy fabric, thread, elastic, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2013
Listed
Apr 13, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 16, 2014