Nicolasa runs a small grocery store with her sister. When her husband had an accident at work, Nicolasa was obliged to work in order to support the living expenses of her family. She sold lottery tickets for a while. After saving some money, she was able to open her grocery. The store grew little by little and, eventually, her sister transferred all her rights to Nicolasa, so that she is now the sole owner of her small business.
Nicolasa applied for this loan in order to purchase goods such as sugar, herbs, rice, noodles, breads, dairy porducts, and beverages.
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.