Santa Ana Group
Sra. Estela sells vegetables. She says that every day her journey begins in the early morning hours when she has to go buy the vegetables that she will sell. Through her work, she is able to cover all of the expenses related to maintaining her household. She dreams of someday having a small shop where she can sell her products. Estela is requesting a loan to buy vegetables so that she can expand the variety that she offers. She knows that the assistance from Fundación Paraguaya will be a great help to her small business.
La Sra. Estela se dedica a la venta de hortalizas. Ella comenta que todos los días empieza su jornada a muy tempranas horas de la mañana cuando va a comprar las hortalizas que va a vender y vuelve ya cuando termina de vender sus productos. Por medio de este trabajo ella ha podido solventar todos los gastos que implica la manutención de su hogar. Sueña con algún día poder tener un pequeño local donde vender sus productos.
Ella solicita el crédito para la compra de hortalizas, para que de esa forma pueda ampliar la variedad que tiene. Sabe que la ayuda de la Fundación le sera de mucha utilidad en su pequeño negocio.
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