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Oscar is 29 years old and has been married for more than five years to Elsa and they have a son who is now three years old. They live happily together in their own house that Oscar purchased after several years because since he was young he has been working and saving. Oscar says that his young son is one of the greatest joys he has received in life.

The client has had his own shoe store for a number of years with a good quantity of merchandise that he sells in addition to mending and repairing shoes that his customers bring in.

The client has worked with the Paraguyan Foundation since 2005, the year in which he took out his first loan with the goal of investing in his business. He is very grateful to the Paraguayan Foundation because all of the loans he received were of great help to him and his family to realize their dreams and businesses in all of these years.

Today Oscar asks for a new loan to purchase a lot of shoes to sell in his business since one of his suppliers has proposed a good deal that does not want to turn down.

Translated from Spanish by Helen Smith, Kiva volunteer.

Oscar tiene 29 años, está casado hace más de 5 años con la señora Elsa y actualmente tienen un hijo de 3 años, ellos viven juntos muy felices en una casa propia que Oscar adquirió hace unos años, gracias a que desde muy joven trabajó y ahorró dinero. Oscar cuenta que su pequeño es una de las mayores alegrías que recibió en la vida.

El cliente cuenta con su negocio propio hace ya varios años, él posee una Zapatería con una buena cantidad de mercadería propia que vende además de hacer arreglos y reparaciones de zapatos que sus clientes le llevan.

El cliente trabaja con la Fundación Paraguaya desde el año 2005, año en que tomo su primer crédito con el fin de invertirlo en su negocio. Está muy agradecido con Fundación Paraguaya ya que los créditos que recibió les fueron de gran ayuda a él y su familia para concretar sus sueños y negocios que se les presentaron en todos estos años.

Hoy día Oscar solicita un nuevo crédito para comprar un lote de calzados para venderlos en su negocio, ya que uno de sus proveedores le ha propuesto una buena oferta que no desea desaprovechar.

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
  • 33
    View loans »
    Paraguay Loans Fundraising
  • $37,195,500
    Funds lent in using Kiva
  • 4,025.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Oscar purchase of shoes, booties, sandals, sports shoes and flip flops.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jun 29, 2008
Jun 11, 2008
Currency Exchange Loss:
Oct 19, 2008