Mujeres Loma Group
Sra. Cyntia prepares and sells baked goods. She and her husband prepare fresh bread each day to offer to their customers. They work every day, with the exception of Sundays and holidays.
She is requesting a loan to buy flour, eggs, yeast, and certain spices that she needs for preparing her baked goods. Cyntia says that she is very hopeful that this loan will be of great help.
La Sra. Cyntia, se dedica a la elaboración y posterior venta de panificados. Ella, con la ayuda de su marido todos los días preparan panes frescos para ofrecerles a sus clientes. Trabajan todos los días, sin excepción de domingos ni feriados.
Ella solicita el credito para la compra de harinas, huevos, levaduras y demás especias que podría necesitar para la elaboración de sus panificados. Ella manifiesta que esta muy esperanzada en el credito, puesto que le sera de gran ayuda.
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