Modesto P. is 53 years old and is married to Teresa de Jesús Sosa who is 53 years old. They have four children, a son who is married and has a business in vehicle equipment, and three daughters who are still in school.
Modesto has a small restaurant where he serves seafood and mostly fish-based dishes. He has been running his restaurant since 1983 and is the only restaurant in the area that serves fish. Modesto needs a loan to purchase higher quality fish – it is very expensive as Paraguay is a land-locked country – so he can make higher profit. He will also use it to buy a new freezer and tables and chairs.
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.