Villa La Amistad Group
All of them are very satisfied working with Kiva and the Fundación Paraguaya. They are engaged in activities in order to raise funds for the common good of the group. They are all very active, and they truly know how to work in a supportive way.
Gladys is one of the women. She makes and sells cleaning products. She buys the ingredients according to the orders she receives. She makes the products with help from her family.
She will use the loan she requested to get more ingredients. She will buy a greater quantity of ingredients and make more products to sell at other markets. That way she will improve her business.
Todas ellas están muy conformes trabajando con Kiva y la Fundación Paraguaya realizando actividades para recaudar fondos para el fin común del grupo.
Son todas muy activas y realmente saben trabajar en forma solidaria.
Una de la mujeres es la señora Gladys quien fabrica y vende productos de limpieza, ella compra los ingredientes de acuerdo a los pedidos que recibe y elabora sus productos con la ayuda de su familia, actualmente con el crédito que ella solicitó adquirirá mas ingredientes de manera a compra en mayor cantidad los ingredientes y preparar mas productos para ofrecer a otros mercados y así mejorar su negocio.
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