Cirilo is 64 years old and married with Patrocinia who is a retired teacher. They have two grown up daughters who have their own income, and live in a very well known neighborhood in the town of Ita. They have owned and operated a convenience store out of their house for 30 years. Their neighbors and passers-by can buy milk, soft drinks, sugar, rice, yerba (local drink), meat, salt, bread, charcoal, and other products for everyday consumption. In addition, he sells school items.
Cirilo says this activity has helped support his daughters through their studies; now one is a teacher and the other a professional masseuse but still helps with the house. The loan Cirilo is asking for will go towards buying more merchandise and maintain a better stock in his store.
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.