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Thanks to Hugo E.’s tenacity, entrepreneurial spirit, and his effort, he has made a prosperous business for himself. He works delivering goods with his truck. However, his only source of income needs repairs and he needs a loan of $425 to make the necessary repairs to his vehicle. He will then be able continue his work and continue making an income. He is a young man of 26 and just beginning in the business world. Someday he hopes to have enough money to settle down and have a family.

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
  • $37,907,775
    Funds lent in using Kiva
  • 4,723.1
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Hugo to repair his delivery truck.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Mar 9, 2008
Feb 24, 2008
Currency Exchange Loss:
Aug 25, 2008