Mujeres Virtuosas Group
Alejandra E. sells food in a food stand that she leases in Luque's market. Her customers are very satisfied with the dishes she makes. Some of her usual dishes are: turnovers, breaded steak, sopa paraguaya (similar to corn bread), bori-bori (a hearty soup made with meat, vegetables, and dumplings), soups. She used the funds to buy ingredients for her dishes.
La señora Alejandra E. se dedica a la venta de comestible, ella vende sus productos en un salón que alquila en el mercado de la ciudad de Luque, sus clientes están muy satisfechos con los productos que elabora. Los alimentos que comúnmente prepara son empanada, milanesas, sopa paraguaya, boori-bori, caldos de sistitos tipos, el crédito que solicitó lo invirtió en la compra de insumos para la elaboración y venta de sus productos alimenticios.
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