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Magdalena V. was born in San Juan Nepomuceno city, she lives with José Asunción García and they have two children, Alexis and Jacqueline.

She sells food items in bulk and general merchandise, while José is a construction laborer. She began her business through the Businesswomen’s Committee until she was able to open her own business thanks to the foundation’s loans.

She is thankful to the Paraguaya Foundation for making her growth possible, with the education she has received from the committees she could manage her business better and today she now has a good income from her sales.

She is seeking a loan to invest in purchasing merchandise that will allow her to have a variety of products in stock at her store.

Translated from Spanish by Cindy Kendall, Kiva Volunteer

La señora. Magdalena V. nació en la ciudad de San Juan Nepomuceno, vive con José Asunción García con quien tuvo dos hijos Alexis y Jacqueline todos menores.

Ella se dedica a la venta de artículos comestibles, a granel y mercerías varias, mientras que José es constructor de obras. Se inicio en el comercio a través del Comité de Mujeres Emprendedoras hasta que pudo abrir su propio negocio gracias a los créditos de la fundación.

Ella agradece a la Fundación Paraguaya por hacer posible su crecimiento, pues con las capacitaciones que recibió con los comités ella pudo administrarse mejor y hoy día ya posee un buen ingreso de ventas.

El crédito que ella en esta ocasión solicita es para invertirlo en la compra de mercaderías que le permitirá poseer una mayor variedad de productos en su stock.

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
  • 92
    View loans »
    Paraguay Loans Fundraising
  • $31,441,600
    Funds lent in using Kiva
  • 4,015.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Magdalena buy in bulk food items such as corn, green beans, peanuts, vegetables, fruit, canned goods, and general merchandise.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Sep 15, 2008
Sep 1, 2008
Currency Exchange Loss:
Dec 15, 2009