Paraguay's Financial Development Agency (AFD) has already granted US$ 55 million in credits to women producers and entrepreneurs, backed by more than 2,600 guarantees issued by the institution. The funds were released through the Women's Guarantee Fund (Fogamu), a program launched in 2022, according to AFD President Stella Guillén.
Guillén stated that when the right tools to reduce barriers—such as lack of collateral—are available, women can access the financial system, meet their commitments, and expand their businesses. However, she acknowledged that structural obstacles remain: many entrepreneurs or heads of households, even those with high-potential ventures, face limitations such as informality, insufficient credit history, or lack of real collateral.
“We work to create instruments that help correct these barriers and facilitate access to financing under better conditions. In this sense, guarantee funds, credit lines with an inclusive focus, and financial education are essential,” emphasized the AFD president.
Guillén highlighted that the state's role should not be limited to granting resources, but rather to creating real conditions for women to sustain their businesses, plan for the future, and strengthen their economic autonomy. “It is also crucial to continue generating evidence. Women are good payers, they meet their commitments, and they strengthen portfolio quality when given the opportunity,” she added.
According to her, when a woman obtains financing, it not only boosts a personal or business initiative: “Often, this credit strengthens an entire family, generates employment, energizes the community, and opens new opportunities.”