A loan of $1,000 helped buy merchandise such as cheese, eggs, milk, starch, vegetable oil, flour, yeast, etc.


Erico's story

Mr. Erico is 41 years old, and is married. He has two children. Erico sells chipas, bread, cookies, sweetbread, etc. from his home and also sometimes as a street vendor. Erico's wife and daughter patiently bake these foods in large quantities. Erico has been working in this business for 20 years, and he's well known in the area for his good character and his delicious chipas and bread. Erico has invested past loans from Fundación Paraguaya in prime materials to make chipas and breads, such as starch, cheese, vegetable oil, firewood, flour, and yeast, among others. This has allowed him to produce in large quantities and thereby lower the costs of production. He is then able to lower the price of his products without decreasing his profits.

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Translated from Spanish by Kiva volunteer Sarah Bishop



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