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Miguel A. is 27 years old. He is married to Liliana Urunaga, who is also 27 years old. They do not have children yet, since they recently got married. Miguel has dedicated himself to the bakery business since 2007. He studied and specialized in making baked goods. He opened his own bakery with the capital he accumulated working as an employee for another person. His bakery is strategically located, so many clients come to his shop. Miguel will use this loan to buy supplies for his bakery (flour, sweeteners, grapes, food coloring, oil, etc.).
View original language description ↓
El sr. Miguel A. de 27 años, está casado con la Sra. Liliana Urunaga de 27 años de edad, ellos aun no tienen la dicha de tener hijos, pues se casaron poco tiempo.
Don Miguel se dedica a este rubro aproximadamente desde el año 2.007; el estudió y se especializó en la fabricación de panificados y comenzó con el capital que juntó trabajando como empleado de otra persona, en la actualidad tiene su propio local comercial que esta estratégicamente ubicado, es por eso que acuden muchos clientes a su local.
El utilizaría este crédito para comprar más mercaderías (harina, dulces, uvas, colorantes, aceite, etc).

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
  • 36
    View loans »
    Paraguay Loans Fundraising
  • $37,242,450
    Funds lent in using Kiva
  • 4,579.7
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Miguel to buy flour, sweeteners, grapes, food coloring, oil, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 21, 2011
Feb 20, 2011
Currency Exchange Loss:
Feb 15, 2012