Kuña Pyapy Mbarete Group
The group is named “Kuña Pyapy Mbarete” and includes 19 very active and supportive women who are all from the same area.
They are all involved in different business activities. Some will set out to start new businesses after they obtain the loan. All of them have a steady income, so they will be able to make the payments on time.
Guillermina sells vegetables and root vegetables and in particular, cassava. She has worked in this field for several years and has made some progress due to her efforts and constant perseverance.
She is requesting a loan to be able to buy her products in larger quantities. This way she will be able to obtain them at a lower cost and when she sells the produce she will able to earn a larger profit.
El grupo se denomina “Kuña Pyapy Mbarete”, está constituido por 19 señoras muy activas y solidarias, todas de la misma zona.
Ellas tienen actividades diferentes, algunas incluso emprenderán una nueva labor sólo después de obtener el crédito, pero todas cuentan con un ingreso fijo, de modo a poder cumplir con als cuotas de manera puntual.
La sra. Guillermina se dedica a la venta de verduras y tubérculos, en especial la venta de mandioca, se dedica a este rubro desde hace ya varios años y ha ido progresando de a poco debido a su esfuerzo y perseverancia constante.
Ella solicita el crédito para poder comprar sus productos en cantidades mayores, pues así conseguiría a costo más bajo y al venderlos obtendría un mayor margen de 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