With the requested loan, he will buy more products in bulk to drive down the prices of his products. In this way, the loan would make his breads and baked goods less expensive and, accordingly, the demand for his goods should increase. It is important for Pelagio to secure this loan because it will help to insure that he can make the payments that are necessary for his children’s education.
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.
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