Enterprising Women Group
GracieL. Aguero is one of the members of the group. She is a caterer by occupation, selling foods such as snacks, sandwiches, lunch meats, subs, and cookies in the community. She has a very close knit family and it is maD. up of her four children and her husband. He is employed as a vendor. She finds herself very satisfied with her business and with the support that she receives from her group. But GracieL. requests a loan to purchase more ingredients (milk products, breads, eggs, meats, etc) to be able to produce more food to sell.
The group knows that without the support of Kiva and Fundacion Paraguaya (Kiva Field Partner) it would be very difficult to progress although not impossible. Obstacles get in the way of progress when there are no entities that will proviD. financial support.
L. Señora GracieL. A. es una D. L. integrantes del comité, elL. se dedica a L. venta D. comestibles (empanadas, sandwiches, milanesa, marinera, croqueta) para L. comunidad.
ElL. tiene una familia muy unida con 4 hijos y su marido, quien es empleado, un vendedor.
Actualmente se encuentra muy satisfecha con su actividad y L. capacitaciones que recibe el grupo, pero L. señora GracieL. solicita el crédito para comprar más productos (lácteos, panificados, huevos, carnes, etc.) para producir más comestibles para L. venta.
El grupo dice que sin L. ayuda D. Kiva y Fundación Paraguaya no sería imposible progresar, pero sería mucho más difícil hacerlo, ya que hay dificultades para prosperar sin entidades que ayuden económicamente.
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