When Amado was 25 years old, his parents gave him a gift of some capital to begin a business of his own. After seeing that there was a demand for construction materials and general hardware equipment, Amado decided to open his own hardware store. With the money given to him by his parents, he bought some construction materials and hardware and opened the store from his house. With the accumulated profits from selling hardware, he and his wife added a small convenience store to their business which she runs that on a daily basis.
Both stores, the hardware and convenience store bring in small amounts of income, however his goal is to continuously expand the business. Amado and his family are an enthusiastic group of people with a knack for business.
With a loan, he will only continue to diversify the goods sold in the convenience store and buy popular items like Yerba, sugar, cooking oil, and drinks like beer, soda, water and wine. Eventually, as his business continues to grow, he hopes to buy a truck to start a delivery business from his store. With a delivery system, he is expanding his clientele, having the ability to take large, bulky items to houses that don’t have access to a car.
About Fundación ParaguayaFundación 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.
52View loans »