Maria Auxiliadora Group
One of the group's members is Señora Matilde. She works as a butcher, selling all types and cuts of meat. She comments that it has taken a while, but she has a solid customer base who always go to her. By means of this business, she has been able to succeed and move her family ahead in life.
She is requesting this loan for the purchase of cuts of meat, beef ribs, and more, with which she can stock up and meet her customers' orders. She is grateful to the Foundation for the opportunity which is being provided to this group.
Una de las integrantes del grupo es la señora Matilde, ella se dedica a la carnicería, en su negocio vende todo tipo de cortes de carnes. Comenta que lleva un tiempo en esto, por lo que ya tiene una clientela bien formada que siempre acuden hasta ella. Por medio de este negocio ella logra salir y sacar adelante a su familia.
Ella solicita el crédito para la compra de cortes de carnes, costillas vacunas y demás, con lo cual podrá abastecerse y cumplir con los pedidos de sus clientes. Agradece a la Fundación por la oportunidad que esta les brinda como grupo.
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