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Mr. Aurelio M. is 50 years old and he is married with two children. He is the owner of a small store, Despensa San Antonio, and he has cows that produce milk that he also sells in his store. Mr. M. also makes and sells cheese.

Mr. M. has run the store for more than 25 years; sales are usually good because the store is located in the downtown area of the city of Piribebuy, where one can find a good crowd of people every day of the week.

Thanks to the loan he will receive from Fundación Paraguaya, Mr. Megarejo will keep his store well-stocked and he will be able to buy more merchandise of all sorts, especially products that are sold on a daily basis: meat, sugar, oil, eggs, noodles, etc.

Mr. M. states that he needs to buy a three-door freezer to keep drinks cold because on the weekends his drink sales are very strong. In the hot summer months, cold drinks are the products that sell most, along with chicken and beef.

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
  • 98
    View loans »
    Paraguay Loans Fundraising
  • $32,367,075
    Funds lent in using Kiva
  • 5,120.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Aurelio purchase of goods such as meat, milk, eggs, sugar, flour, sodas, beer, rice, noodles, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jan 28, 2009
Feb 18, 2009
Currency Exchange Loss:
Aug 15, 2009