Kuña Guapa Group
The communal bank is called Kuña Guapa. There are 20 members, and they are in their tenth cycle. The group stands out in the neighborhood for being united, supportive, and responsible with each other.
Maria sells clothes in an itinerant manner. She goes to different locations in the country to sell her clothes. In addition to selling clothes, she sells athletic shoes and sheets. Sometimes she sells her merchandise on credit, and later she goes to collect. She says that this activity is very demanding, but it helps her family, especially with the daily food.
She is requesting a loan to buy clothes like t-shirts, shirts, sweaters, pants, sweatshirts, and others.
She is grateful to the Fundación Paraguaya and Kiva for the financial help.
El comité se Denomina Kuña Guapa están en el Décimo Ciclo con 20 integrantes, es un grupo que se destaca en el barrio por ser muy unidas solidarias y responsable entre ellas.
Maria se dedica a la venta de ropas en forma ambulante, recorriendo varias localidades del país para vender sus ropas.
Además de ropas ella también vende calzados deportivos y sabanas.
En ocasiones ella deja sus mercaderías a crédito y luego pasa a cobrarlos, comente que la actividad es muy sacrificada pero que le ayuda a su familia especialmente con la alimentación diaria.
Ella solicita el crédito para la compra de ropas como remeras, camisas, suéter, pantalones, buzos y otros.
Agradece a la Fundación Paraguaya y a los KIVA por la ayuda crediticia.
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