Check out some available loans that are similar to this one!
View original language description ↓
Palmiro is 67 years old. He and his wife Delia own a shop together, and thanks to their hard work and sacrifice they now own their own home.

Palmiro began to work at the shop more than 50 years ago with his parents. He also owns some cows and sells their milk. Palmiro and Delia's niece also works with them; she helps out at the shop and with the housework.

Palmiro needs this loan to purchase merchandise like rice, pasta, dairy, oil, drinks, and bread so that he can bring in more revenue, since he is spending more in order to pay for his niece's college education.

Translated by Cynthia McMurry, Kiva Volunteer

Palmiro tiene 67 años de edad, él está casado con Delia y ambos son comerciantes, y ya cuentan con casa propia gracias al sacrificio de ambos.

Palmiro empezó a trabajar en la despensa con sus padres hace más de 50 años, también se dedica a la venta de leche ya que tiene animales vacunos. Actualmente trabajan con ellos una sobrina suya, ayudándoles en la despensa y en las labores hogareñas.

Necesita el crédito para la compra de mercaderías como arroz, fideos, lácteos, aceite, bebidas, panificados, bebidas y otros, para obtener mayores ingresos ya que los estudios universitarios de su sobrina demandan mayores gastos.

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
  • 16
    View loans »
    Paraguay Loans Fundraising
  • $37,143,800
    Funds lent in using Kiva
  • 4,345.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Palmiro purchase merchandise: rice, dairy, bread, oil, drinks, etc.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
May 23, 2008
Apr 30, 2008
Currency Exchange Loss:
May 15, 2009