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Nicolasa runs a small grocery store with her sister. When her husband had an accident at work, Nicolasa was obliged to work in order to support the living expenses of her family. She sold lottery tickets for a while. After saving some money, she was able to open her grocery. The store grew little by little and, eventually, her sister transferred all her rights to Nicolasa, so that she is now the sole owner of her small business.

Nicolasa applied for this loan in order to purchase goods such as sugar, herbs, rice, noodles, breads, dairy porducts, and beverages.

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
  • 5,030.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Nicolasa the purchase of merchandise such as sugar, herbs, rice, noodles, breads, dairy products and drinks.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
May 18, 2009
Jun 16, 2009
Currency Exchange Loss:
Mar 15, 2010