Fundación Paraguaya

Fundación Paraguaya's vision is to build an entrepreneurial country without poverty, to be a world model by developing and implementing innovative, sustainable and practical solutions to eliminate poverty and to create an environment in which families can thrive.

Background

In February of 1985, a group of national business leaders founded the Fundación Paraguaya to address the problems of unemployment and underemployment in Paraguay. While the Fundación's initial charge was to provide business training to entrepreneurs, soon it became evident that those same entrepreneurs also lacked access to financial services and capital. Thus, Fundación Paraguaya enlisted Accion's technical assistance services to launch a microfinance program. A resident advisor from Accion, who worked with Fundación Paraguaya in 2002-2003, focused on the development of a pilot in rural finance. The pilot proved successful and Fundación Paraguaya has since continued expanding this program.

Partner Results