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Mr. V., a young man of 25 years of age. He is married and he has two children. Each day he makes chipas (a traditional yucca-based snack) at his home and then drives throughout the city selling them from his vehicle. He also receives orders in advance for special events at local schools, and occasionally he fills orders from Ciudad del Este.

Mr. V. says that his business involves lots of sacrifice as he must work many hours each day in order to produce and sell his product. Nevertheless, he says that his primary goal is to use his business to support his family and to be able to pay for basic necessities.

With a loan from Fundación Paraguaya, Mr. V. will be able to buy large quantities of ingredients, like starch, corn, and cheese. These large purchases will allow him to cope with the rise in prices that usually occurs during the weeks around Holy Week.

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
  • 46
    View loans »
    Paraguay Loans Fundraising
  • $38,032,600
    Funds lent in using Kiva
  • 5,110.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Jorge for the purchase materials used to make chipas, such as cheese, corn, oil, and egg, etc.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jan 23, 2009
Feb 20, 2009
Currency Exchange Loss:
Dec 15, 2009