Kuña Guapa Virumi Oipurukuaáva Group
The president, Sra. Graciela R., is a determined woman who sells fruit. She lives with her husband and four young children. Like her fellow group members, Graciela is grateful and appreciative of the financial support that Fundación Paraguaya has provided and the training classes they have completed since this assistance has helped them grow personally and commercially.
La Presidenta, la Sra. Graciela R., es una mujer muy batalladora, se dedica a la venta de frutas. Vive con su marido y sus cuatro hijitos. Ella al igual que sus compañeras, agradece y valora mucho el apoyo económico que le brinda la Fundación Paraguaya, además de las capacitaciones que realizan, porque todo eso les ayuda a crecer personal y comercialmente.
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