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Mr. Cristino is 44 years old. He opened his own tapestry shop ten years ago, after having worked for several years at a tapestry that shut down and left him unemployed. His wife also contributes income to the family as she owns her own business selling clothes. They have three children together, they are all going to school and are excellent students.

Cristino's tapestry is doing very well, he has his own clientèle which is very satisfied with his work. In his tapestry he fixes all kinds of sofas, chairs and cushions.

He only owns one sowing machine and he is wishing to purchase a second one. This new sowing machine would allow him to work with thicker fabrics and even leather, since he wants to make his own designs of leather sofas which have a strong demand and sell for high prices.

The cost of the sowing machine he wants to purchase is of $550 at the local plaza. Hence he is requesting a loan for this amount which he is committing to pay back in a monthly basis.

Translated from Spanish by Luis López Martinelli, Kiva Volunteer.

El señor Cristino de 44 años abrió su propia tapicería hace diez años atrás, luego de haber trabajado varios años en una tapicería que cerró dejandolo sin trabajo. Su señora también aporta con los ingresos de la casaella tiene su propio negocio de venta de ropas, tienen 3 hijos juntos, todos van al colegio y son excelentes alumnos.

La tapicería de Cristino marcha muy bien, cuenta con una buena clientela que está bastante satisfecha con su trabajo. En su tapicería arregla todo tipo de sillones, sillas y acolchados; el cuenta con una sola máquina de coser y está muy deseoso de adquirir una nueva que le permitirá trabajar con telas mas gruesas y hasta cuero, pues el desea fabricar sus propios diseños de sillones de cueros que hoy día tienen bastante demanda y son vendidos a buen precio.
El precio en plaza de la máquina que el desea adquirir es de $. 550, es por eso que solicita un crédito por ese monto que se compromente a pagarlos de forma mensual.

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
  • 76
    View loans »
    Paraguay Loans Fundraising
  • $35,099,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $550 helped Cristino purchasing a sowing machine for tapestry/Compra de máquina de coser para tapicería.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jul 14, 2007
Jun 30, 2007
Currency Exchange Loss:
Jan 3, 2008