His business is selling spare parts for motorcycles. Because of it he's beginning to earn his own income and therefore help his family on a daily basis.
This loan will help him to purchase more spare parts for motorcycles, such as tires, inner tubes, pistons, rims, etc. He gives thanks for the help he's getting, since that way he'll be able to keep on growing.
Su negocio es la venta de repuestos para motos, en donde está empezando a ganar sus propios ingresos y de esa forma ayudar a su familia con el día a día.
Este crédito le servirá para comprar más repuestos para motos, como ser cubiertas, cámaras, pistones, aros, etc. Agradece por la ayuda que este recibiendo, ya que de esa forma podrá seguir creciendo.
More information about this loan
This loan is designed for young people aged 15 to 25 whose families are living in poverty and who wish to start a new business or improve an existing business. As part of its Youth Entrepreneurship program, Fundación Paraguaya’s staff members offer mentorship, as well as training courses and workshops in finance and business administration. Borrowers also receive standard benefits like health coverage and life insurance. This type of loan is not offered by most other financial institutions in Paraguay. Young borrowers are often considered to be too risky because they lack prior credit history or business experience.
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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Success!! The loan was 100% repaid