Tarumandy Poty Group
Ms. Felicita E. de Olmedo is one of the members and she is very satisfied with her work. Every day, she sells a large quantity of empanadas [typical stuffed bread pastries] and natural juices. She says that this has helped her a lot, and that she feels fully realized as a woman now that she can help her family significantly with the profits she earns from selling foods.
She is requesting this loan to buy meat, as the current price is rather high, so she wants to take advantage of this loan to buy in a larger quantity.
La Sra. Felicita E. de Olmedo es una de las integrantes y se encuentra muy satisfecha con su actividad ya que diariamente vende gran cantidad de empanadas, y jugos naturales.
Comenta que le ayuda mucho y que se siente realizada como mujer ya que le ayuda mucho a su familia, con el ingreso que obtiene en su actividad de ventas de comestibles.
Ella solicita el préstamo para la compra de carne ya que el precio actual es bastante alto y desea aprovechar el crédito y adquirir en gran cantidad.
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