Global Money Week at the 18th Microcredit Summit with Luis Fernando Sanabria

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18th Microcredit Summit & 2016 Global MOney Week Interview Series

Luis Fernando Sanabria, COO of Fundación Paraguaya, interviewed by Jared Penner, director of thought leadership and consultancy at Child & Youth Finance International in the Netherlands.


Luis Fernando Sanabria, COO of Fundación Paraguaya, tells about his organization’s commitment to serving the youth of Paraguay. He highlights the importance of the youth in Paraguay, noting that half the country’s population is under 30 years old. “They are not only the future, but also the present — especially of our economy,” he points out.

Fundación Paraguaya focuses on developing a self-sufficient school model so that the youth will be prepared to have a successful in life. The organization encourages youth to engage in micro-enterprises and works with other organizations to develop a supportive ecosystem.

“Everything we learn in microfinance and in financial literacy,” said Sanabria, “we put it in our self-sufficient school model. Those are self-sufficient schools for very poor people. We run microenterprises on the campuses of those schools, and the microenterprises are run by teachers and students. They serve 2 purposes: first one is to generate income to sustain the school but second, and perhaps the more important objective, is to better train students to be successful in life…They learn not only about production but about marketing, accounting, packaging — everything they need to run a real enterprise when they graduate.”

Fundación Paraguaya commits to next five years is to creating partnerships with other organizations and help 30,000 families in Paraguay to leave extreme poverty.