Jeiko Pora Rekavo Group
One of the members is Sra. Amalia, who sells consumer household products. She is very pleased because she has done well in her business. Amalia says that through her group, she has learned many things from the training classes, especially how to manage her business. She wants to continue stocking her store with merchandise in order to feed her family. Amalia specifically wants to buy products that she sells on a daily basis such as noodles, rice, flour, and other items.
Una de las integrantes es la señora Amalia quien se dedica a venta de productos de consumo del hogar, y está muy satisfecha porque le va muy bien con su negocio, comenta que mediante el grupo pudo conocer mucha cosas y pude capacitarse y mejorar especialmente en la administración de su despensa.
Ella desea seguir surtiendo su negocio con mercaderías ya que su familia se alimenta con las mercaderías del negocio y por ello debe comprar especialmente las mercaderías que se vende diariamente como fideos, arroz, harina, y otros.
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