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View original language description ↓
Mr. Ángel R. is 51 years old and married. He has two children, one grown and the other still in school.

For the past twelve years Ángel has worked as a welder and sharpening items such as meat and wood saws, a trade he learned from his father.

Recently, he received an offer to purchase materials at a very good price, including saws of various sizes. He is seeking a loan to purchase these items.

Next year, he would like to purchase machines to automate his work given that he currently performs all tasks manually with the help of two assistants.

Translated from Spanish by Mary Lynn, Kiva Volunteer.

El señor Ángel R. tiene 51 años, es casado y tiene dos hijos un mayor y una en edad escolar.

Ángel trabaja hace doce años como soldador y afilador, afila sierras de carnicería y carpintería, y el oficio lo aprendió de su padre.

Recientemente ha recibido una oferta de materiales a buen precio que consiste en sierras de distintas medidas, para poder adquirir estos materiales el desea un crédito.

El próximo año tiene pensado comprar máquinas para mecanizar su trabajo, ya que actualmente realiza el trabajo manualmente con ayuda de dos personales.

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
  • 75
    View loans »
    Paraguay Loans Fundraising
  • $35,070,400
    Funds lent in using Kiva
  • 4,630.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Angel purchase saws for cutting meat and wood.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Dec 25, 2007
Dec 11, 2007
Currency Exchange Loss:
May 12, 2008