Check out some available loans that are similar to this one!
View original language description ↓

Vicente B. is 53 years old. He is married to Vicotornia Reyes, 51, and they have 3 children; one of whom is married and lives with his family; the other is an attorney and actually works as Justice of the Peace; while the last one is a journalist who works at a radio station in the capital and is also in school in his fourth year studying law.

Vicente is very proud of his sons as they have all achieved their goals. They all have jobs because they were able to get an education, something that Vicente instilled in them since they were young since he did not have the opportunity to even finish elementary school.

Four years ago, Vicente undertook his own small business with the little savings he had and opened a store that sells all kinds of products of highest necessity such as sugar, flour, milk products, eggs, canned products, etc.

Vicente possess a great entrepreneurial spirit and is a fighter, in addition to tending his shop, he gathers cotton during the harvest season.

Vicente asks for a credit of $1000 to supply his store, as demand has risen in the past few months. Among the products that would be purchased are rice, cheese, canned products, flour, noodles, and meat.

Translated from Spanish by Rebecca Pendleton, Kiva Volunteer.

Vicente B. de 53 años de edad, está casado con Victorina Reyes de 51 años, el matrimonio tiene 3 hijos de los cuales uno está casado y vive con su familia, otro es abogado y trabaja actualmente como Juez de Paz; mientras que el último de sus hijos es periodista, trabaja en una radio de la capital y a la vez es estudiante del cuarto año de la carrera de Derecho.

Vicente está muy orgulloso de sus hijos, pues todos se encuentran realizados, trabajan bien gracias a que culminaron sus estudios, algo que Vicente los inculco desde pequeños ya que el no tuvo la oportunidad de terminar ni si quiera la etapa primaria de sus estudios.

Hace cuatro años, Vicente emprendió su propia microempresa con un pequeño ahorro y abrió una despensa donde vende todo tipo de productos de primera necesidad tales como azúcar, harina, lácteos, huevo, productos enlatados, etc.

Vicente posee un gran espíritu emprendedor y luchador, además de atender su despensa, en épocas de cosecha de algodón, él se dedica al acopio del mismo.

Vicente solicita un crédito de $ 1000 para surtir su despensa, ya que en los últimos meses ha aumentado considerablemente su demanda. Ente los productos a ser comprados podemos citar arroz, queso, productos enlatados, harina, fideos y carne.

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
  • 39
    View loans »
    Paraguay Loans Fundraising
  • $37,305,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Vicente for the purchase of more merchandise such as rice, cheese, canned products, flour, noodles, and meat.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 14, 2007
Aug 29, 2007
Currency Exchange Loss:
Jan 3, 2008