María Auxiliadora Group
The leader of the group is Mrs. Limpia Concepcion S. Zorilla. She lives with her husband and children.
She sells prepared foods and she has been increasing incrementally but she now needs help or financial support to keep improving herself and her family. For this reason she requests support from Kiva to purchase ingredients and drinks in large quantities with the goal of increasing her profits.
She, as her colleagues, is very happy with the support that they have received from Fundacion Paraguaya (Kiva Field Partner) and Kiva. These women are on their 3rd loan cycle and they are 19 members.
La presidenta del comité es la señora Limpia Concepción S. Zorrilla, ella vive con su marido y sus hijos.
Ella trabaja en la venta de comidas, de a poco va progresando pero necesita de una ayuda o soporte económico que la ayude a seguir superándose ella misma y a su fasmilia, por eso solicita el apoyo de Kiva para poder comprar víveres y bebidas en mayores cantidades a fin de obtener más ganancias.
Ella como también sus compañeras están muy satisfechas con el apoyo que les está brindando la Fundación Paraguaya y Kiva, las señoras están en el ciclo Nº 3 con sus 19 integrantes.
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