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Osvaldo Gaspar Ríos Fernández is married to Mercedes Morinigo and the father of 3 children ages 12, 10, and 6, respectively. This client currently dedicates himself to the activation and sale of cell phone chips. He was previously on the staff of the Ministry of Defense. He resigned in 1998 after 10 years of service because his salary did not permit him to support his wife and his then two children, nor much less allow him to expect a life even halfway respectable. This is how, that same year, he joined the Sales Department of a personal electronics enterprise and then later started selling pre-paid lines. Since then, he has worked buying electronic chips to sell himself.

Osvaldo states that he had never been able to expand his business until his loan through Fundación Paraguaya, because he lacked the necessary documents required by other financial entities and banks in order to obtain a loan through them. Once finally able to access credit, he obtained a site for his business in the city of Lambaré. His store is stocked with cell phone accessories as well as activation lines, and he also sells pre-paid lines.

He is grateful to the Fundación Paraguaya for helping him with his first loan and, thanks to this help, he now has his own store.
View original language description ↓
El Sr. Osvaldo Gaspar Ríos Fernández casado con la Sra, Mercedes Morinigo y padre de 3 hijos de 12, 10 y 6 años respectivamente, el cliente actualmente se dedica a la activación y venta de chips para telefonía celular, el mismo fue funcionario del Ministerio de Defensa y en el año 1998 renuncio a sus 10 años de antigüedad pues sus ingresos no le permitían mantener a sus entonces dos hijos y señora, ni mucho menos pretender una vida medianamente respetable, fue así que en ese mismo año se habilito el Departamento De ventas de lineas de la Empresa Núcleo Personal, mas tarde se habilito la venta de lineas de pre pagos y desde ese entonces el mismo se dedica por cuenta propia a la compra de chips para su posterior venta.
El Sr. Osvaldo manifestó al momento de solicitar el crédito que nunca había podido acceder a un crédito para ampliar su negocio por carecer de documentos suficientes que el exigían en las entidades financieras y bancarias, hasta la fecha que dio con la Fundación Paraguaya y el crédito le fue concedido para la habilitación del su primer local fijo en la ciudad de Lambaré donde ya cuenta con accesoR. para aparatos celulares ademas de las lineas para activación y venta de lineas de prepagos.
Agradece a la Fundación Paraguaya la primera ayuda prestada y ya cuenta con su local de venta gracias a ella.

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
  • 77
    View loans »
    Paraguay Loans Fundraising
  • $35,114,600
    Funds lent in using Kiva
  • 4,665.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Osvaldo to buy merchandise such as: cell phone activation chips.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 27, 2009
Dec 15, 2009
Currency Exchange Loss:
Dec 15, 2010