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Hugo Alberto M. is 56 years old. All his life he has been a medical salesman, but as he gets older it is difficult to continue. For this reason, a year and a half ago, he decided to become a micro-entrepreneur. Selling footwear has gone well, which has raised his credit limit. His work is flourishing as he travels to businesses and offices in the metropolitan area. Now he needs credit support, which he will use for his business to purchase women's and menss shoes.

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
  • 61
    View loans »
    Paraguay Loans Fundraising
  • $33,680,950
    Funds lent in using Kiva
  • 3,875.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Hugo to purchase women's and men's shoes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 26, 2008
Jul 28, 2008
Currency Exchange Loss:
Sep 15, 2009