Las Triunfadoras Group
They comment at each follow-up that they struggle daily to continue forward. The daily routine of many of them consists of rising at 5:20am every day, they go to the city of Clorinda (Argentina).
This is the case of Nancy, who sells articles for the home. She distributes these among her fellow committee members and among other neighbors, who are her customers; they pay weekly for the merchandise she provides.
Those who are members of the committee this cycle comment that they are happy to have the opportunity to undertake their activities again.
They are infinitely grateful to KIVA and to Fundación Paraguaya for the opportunity they have been given.
Quienes en este ciclo se integran al comité, comenta que se siente muy feliz ya que es una oportunidad para volver a emprender sus actividades.
Ellas agradecen infinitamente a KIVA Y la Fundación Paraguaya por la oportunidad brinda.
About Fundación ParaguayaFundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid