One member, Ramona C., sells food products and has invested her money in supplies, including meats, baked goods, charcoal, seasonings, flour, oil, etc., to grow her business. Every day she prepares food, which either she or her children go out to sell. They frequent populated places like squares, markets, or bus stops, where they quickly sell their product.
This is how Ramona gets her daily income for her family, and she feels very satisfied with what she has gotten thus far.
La señora Ramona C. es una de las integrantes y se dedica a la venta de comestible e invirtió el dinero en la compra de insumos tales como carnes, panificados, carbón, carne, condimentos, harina, aceite, entre otros, para el incremento de su negocio.
Ella prepara diariamente los comestibles y sale ella o sus hijos para venderlos, recorren los lugares concurridos por la gente como plazas, mercados o buces y así vender rápidamente todo lo que preparan.
De esta forma ella obtiene ingreso diariamente para su familia y se siente muy satisfecha con lo que ha obtenido hasta ahora.
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