Flor De Mburukuya Group
This group has had a good time working with Fundación Paraguaya. The members have demonstrated that they are strong and responsible individuals. They are eager to continue working with Fundación Paraguaya.
Sra. Betsabe is the president of the group who heads up the committee for all of the members. She has a business selling food and wants to invest her loan in expanding her establishment. This will enable her to attract more customers and generate better revenues.
Es un grupo que lleva un buen tiempo trabajando con nosotros. Se muestran bastante sólidas y responsables, tienen muchas ganas de seguir trabajando con la Fundación Paraguaya.
La sra. Betsabe es la presidenta del grupo, ella encamina el comité en el que todas las miembros se dedican a la venta de alimentos; ella desea invertir su crédito en la ampliación del local donde vende sus comidas, para poder atraer más a los clientes y generar mayores ganancias.
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