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Miguel A. is 43-year-old man married to Modesta Narváez. The couple has two young sons.
He owns a despensa (grocery store) located in their house. In rural areas in Paraguay, the despensas could be considered as a meeting point, where people not only buy products but also gather and gossip. That is why is despensas are a very profitable business in those areas.

Miguel always tries to offer a wide variety and quantity of products for a lower price.
After a lot of effort he bought a car, which allowed him to start a delivery service. He dreams of having an autoservice store and competing with the big supermarkets.

The money provided by the credit will be used for the purchase of meat, bread, milk, cheese, and other items.

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
  • 31
    View loans »
    Paraguay Loans Fundraising
  • $37,192,625
    Funds lent in using Kiva
  • 4,047.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Miguel purchase of milk, cheese, bread, meat, rice, sugar, and others.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jul 19, 2008
Jun 11, 2008
Currency Exchange Loss:
Jul 15, 2009