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Ignacio is thirty years old and married to Carmen Alvarez, who is thirty-four and sells empanadas to neighbors, friends, and Ignacio's clients. The couple has one child together who is beginning elementary school. Ignacio is a mechanic, and he has an established client base. He learned the profession from his cousin, who he worked with for more than ten years. Eight years ago, Ignacio opened his own shop, which has been very successful due to his good service and excellent work. He is seeking the loan to refurbish his house.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Paraguay

  • $8,400
    Average annual income
  • 53
    View loans »
    Paraguay Loans Fundraising
  • $37,911,075
    Funds lent in using Kiva
  • 4,695.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Ignacio to refurbish his house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 20, 2010
Feb 20, 2010
Currency Exchange Loss:
Feb 15, 2011