Erico is 29 years old, married, and has one child. He has been working as a vendor since 2005, when he started selling clothing such as shirts, blouses, jeans, shorts, Capri pants and skirts. Erico started with a clientele of only twenty and currently has over three hundred customers.
Erico’s business has a very high turnover rate, so constantly requires further investment in order to grow. He will use this loan to buy shorts and Capri pants, which are currently in very high demand by his customers, as summer is just starting.
After satisfying his customers’ demands, Erico hopes to use the remainder of his stock to open another store in a different part of town.
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.