Mujeres Emprendedoras Group
One of the members of the group is Maria R.. She has 4 children and her husband is a truck driver. She has a well-stocked neighborhood store where she works with all of her children. Thanks to this her store is very well-known in the area.
Maria tells us that the loan that she requests will be used to purchase merchandise to better stock her store; in this way she can improve her family's income.
All of the members of the group also have productive and commercial activities, and for this reason they need the support of the Kiva investors.
Una de las integrantes del grupo es la Sra. Maria R., tiene 4 hijos, su marido es camionero y ella tiene una despensa muy surtida en su barrio, en este negocio trabaja ella con la ayuda de todos sus hijos, gracias a esto también la despensa es muy conocida en la zona.
Cuenta la Sra. Maria que el crédito que solicita lo quiere utilizar para la compra de mercaderías a fin de surtir mejor la despensa, de esta manera puede mejorar sus ingresos y el de su familia.
Todas las señoras del grupo también realizan actividades productivas y comerciales, por eso necesitan del apoyo de los inversionistas de Kiva.
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