Mujeres Trabajando Juntas Group
Sra. Estela M. sells fruits and vegetables, baked goods, beverages, and other products in order to support herself and her family. For some time she has wanted to expand her vending post, so she is requesting a loan to accomplish this goal.
All of the members hope for a better future for their children. For this reason, they double their efforts to secure what they need to grow and develop.
La sra. Estela M. se dedica a la venta de frutas y verduras, panificados, bebidas, etc. para poder mantenerse ella misma y a su familia; desde hace mucho tiempo desea poder aumentar la cantidad de productos ofertados en su puesto de venta, por eso solicita el crédito para poder realizarlo.
Todas las integrantes anhelan un futuro mejor para sus hijos, es por eso que se esfuerzan más de lo necesario para facilitarles los recursos para su desarrollo y formación integral.
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