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Mr. Nicolás is a 43-year-old businessman married to Mrs. Mirta, who is 34 years old, and with whom he has four children: Ana who is 14; Liz who is 12; Rossana who is 11; and Richard who is 9.

All of their children are continuing their studies thanks to the efforts of their parents who work daily to bring up the family, as they, themselves, did not have the opportunity to study.

Nicolás has a small grocery store, which he runs out of his home, and currently generates good earnings. He started this activity in 2004. At the beginning it was difficult because he needed capital to work, and with his children it was even harder.

With much effort and with the help of his family, the business was able to continue ahead, and today it is a well-supported business.

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
  • 45
    View loans »
    Paraguay Loans Fundraising
  • $38,032,600
    Funds lent in using Kiva
  • 5,010.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Nicolás to purchase dairy products, meat, noodles, beer, sodas, deli meats, vegetables, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
May 4, 2009
Jun 2, 2009
Currency Exchange Loss:
Nov 25, 2009