Queremos más

“¡Queremos más!” exclaimed Celso Gerding, the owner of a fruit distribution business in San Ignacio, a small town three hours south of Asunción.

“Necesito más”, said Obaldo Edgar Arellano, the owner of a hardware store two blocks away.

“Voy a crecer más”, agreed Nelly Benitez, a hairstylist down the street.

Obaldo Edgar Arellano uses his loans to buy bulk quantites of new, high quality products.

These three successful microenterprise owners were all referring to a desire to further increase their credit from Fundación Paraguaya to invest in their flourishing small businesses.

As an American who has watched the overextension of credit wreak havoc on the developed world – and on a more directly related note, given the overextension of microcredit in Andhra Pradesh – I thought it should have made me uneasy to see so many people eagerly clamoring for ever more loans. But in this case, it didn’t.

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