Luis started his business 15 years ago, working as a peddlar selling traditionally-woven bedspreads and hammocks. He marketed his products at low prices and built up a loyal clientele with his high quality.
With the profits, Luis has bought two motorcycles to transport his products and sell them across the city. Luis will use his loan to purchase more goods, such as bedspreads and linens to sell at a higher profit.
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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