This group is in its 5th loan cycle and has 14 members. This group stands out in the neighborhood for being very united, cooperative and responsible. Its members have a great spirit of service and responsibility to the Fundación.
Viudina has a small store with which she supports her family. She is a very hardworking and tenacious woman. She requests this loan to buy more merchandise for her small business, since she knows that if she has a greater variety of products she will be able to attract more customers.
El comité está en el quinto Ciclo con 14 integrantes, es un grupo que se destaca en el barrio por ser muy unidas, solidarias y responsable, las integrantes poseen un gran espíritu de servicio y de responsabilidad con la Fundación.
La Sra Viudina posee una pequeña despensa, por medio del cual puede sostener a su familia, ella es una mujer muy trabajadora y luchadora.
Solicita el crédito para poder cargar con mas mercaderias su pequeño negocio, ya que es conciente de que si tiene mas variedad de productos, podra atraer mas clientes.
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