Las Amigas Group
Sra. Fidelina A. has five children, four of whom are dependents. Every morning she wakes up at 4am to milk her cow so that she can sell it at her small kiosk or her grocery store called “Ña Fide". In addition, she spends her afternoons making 100 cheese buns and 50 turnovers to sell in her community.
With this loan, Fidelina believes she can increase the profits from her store and help her son earn his university degree in radiology. She says that she will make every effort to cover all of his fees, including the travel expenses he incurs every day. Her dream is to finish the construction of her house and add more bedrooms for her children. Later on she hopes to increase the size of her shop.
La Sra. Fidelina A. tiene 5 hijos, 4 de ellos menores, todas las mañanas se levanta a las 4 de la madrugada a ordeñar su vaca ya que vende leche en su pequeño kiosco o tienda de comestibles de nombre "Ña Fide", además por las tardes hace 100 chipas y 50 empanadas para vender en su comunidad.
Con el crédito cree poder aumentar sus ingresos dentro de su tienda y ayudar a su hijo que estudia en la universidad la carrera de radiología, ya que la misma manifiesta que es su esperanza por ser el hijo mayor y por ello pone todo su empeño para cubrir sus cuotas, incluyendo los gastos de traslado que debe realizar todos los días.
Su sueño es poder construir completamente su casa y aumentar la cantidad de dormitorios para sus hijos, y luego poder aumentar el tamaño de su almacén de consumo.
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