He owns a despensa (grocery store) located in their house. In rural areas in Paraguay, the despensas could be considered as a meeting point, where people not only buy products but also gather and gossip. That is why is despensas are a very profitable business in those areas.
Miguel always tries to offer a wide variety and quantity of products for a lower price.
After a lot of effort he bought a car, which allowed him to start a delivery service. He dreams of having an autoservice store and competing with the big supermarkets.
The money provided by the credit will be used for the purchase of meat, bread, milk, cheese, and other items.
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.
18View loans »
Success!! The loan was 100% repaid