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Santiago Ofir V. Correa lives in Ciudad del Este with his wife Antolina and his two children.

Many years ago, Santiago started working in a bookstore called Cassol, where he gained experience in the field. Tired of being an employee, he decided to open his own bookstore in the shopping center of Ciudad del Este. Santiago sells articles used in writing such as paper, pens, quills, inkstands, pencils, and blank books. It is worth mentioning that the store is located in a strategic place, because Ciudad del Este is a commercial city. Usually Paraguayans go to Ciudad del Este only to buy things; from electronic devices to clothes.

Besides the bookstore, Santiago owns a grocery store. Santiago’s wife is the one responsible for the “Despensa” (grocery store). Antolina stays the entire day in the Despensa selling products such as milk, drinks, cigarettes, pasta, etc. The Despensas in Paraguay could be considered as mini supermarkets.

The money provided by this loan is intended to be used for the purchase of paper and other things for Santiago’s bookstore. There is a huge demand for paper and without this loan the increasing demand would not be satisfied.

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
  • 49
    View loans »
    Paraguay Loans Fundraising
  • $38,032,600
    Funds lent in using Kiva
  • 4,265.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Santiago purchase of paper, pens and books.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
May 20, 2008
May 4, 2008
Currency Exchange Loss:
May 15, 2009