Señora María has made a living selling food for many years. Thanks to that she has been able to establish a very defined group of customers. She states that she is a very good cook and that her food is very tasty, which is why it is in high demand.
The client defines herself as a hardworking woman and a fighter. She hopes one day to have a bigger location where she would be able to offer her food. She is requesting a loan to buy supplies for making her food such as meat, eggs and seasonings, among others.
La Sra. Maria se dedica a la venta de comida desde hace muchos años. Gracias a eso ha logrado formar una grupo de clientes bien definido. Ella manifiesta que es muy buena cocinera, y que su comida gusta mucho, por lo que tiene mucha demanda.
La Cliente se define como una mujer muy trabajadora y luchadora. Ella desea alguna día tener un lugar mas amplio donde poder ofrecer sus alimentos. Ella solicita el credito para la compra de los insumos para la elaboración de sus alimentos, como ser carnes, huevos, condimentos y demás.
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