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Modesto P. is 53 years old and is married to Teresa de Jesús Sosa who is 53 years old. They have four children, a son who is married and has a business in vehicle equipment, and three daughters who are still in school.
Modesto has a small restaurant where he serves seafood and mostly fish-based dishes. He has been running his restaurant since 1983 and is the only restaurant in the area that serves fish. Modesto needs a loan to purchase higher quality fish – it is very expensive as Paraguay is a land-locked country – so he can make higher profit. He will also use it to buy a new freezer and tables and chairs.

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
  • 52
    View loans »
    Paraguay Loans Fundraising
  • $37,951,250
    Funds lent in using Kiva
  • 4,775.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Modesto freezer, tables, chairs.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Nov 7, 2009
Nov 30, 2009
Currency Exchange Loss:
Mar 15, 2011