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Maria
Mrs. Maria is 25 years old and is married to Mr. Joseph who is 31. She is from the city of Carapeguá and works manufacturing and selling hammocks, bedspreads, and quilts with her mother. They then sell them in other cities, something which has become very profitable for them. Today she manufactures large amounts and has several customers who are street vendors buying in large quantities.

She is requesting a loan to buy yarn and pigment to manufacture the materials that she and her mother will sell.
View original language description ↓
La Señorita Maria tiene 25 años, está casada con el Sr. José de 31 años, ella es de la ciudad de Carapeguá, donde trabaja netamente a la fabricación y ventas de hamacas, cochas y sobrecamas con su madre.
Maria y su madre confeccionan las hamacas, colchas y sobrecamas y lo lleva a vender a cuotas en otras ciudades y así le resulta más rentable, hoy en día fábrica en gran cantidad ya que también tiene varios clientes macateros que compra en gran cantidad.
Ella solicita el préstamo para la compra de hilo y color para la fabricación de los materiales que ella y su madre venden.

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
  • 78
    View loans »
    Paraguay Loans Fundraising
  • $29,572,900
    Funds lent in using Kiva
  • 4,423.4
    Paraguay Guarani (PYG) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,475 helped Maria to buy yarn and pigment for making bedspreads, blankets, and sheets.
89% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2014
Listed
Jun 12, 2014
Currency Exchange Loss:
Possible