Yvoty Ii Group
Señora Florinda works selling fish. She tells us that through this business her family's financial situation has greatly improved. She is also able to help out with the income of her husband, who is employed in a business.
She is requesting the loan to purchase fish, with which she can increase her stock and meet her customers' needs.
La Señora Florinda se dedica a la venta de pescado. Ella nos comenta que mediante este negocio la economía de la familia mejoró bastante ya que además ayuda el ingreso de su marido que es empleado en un negocio.
Ella solicita el crédito para la compra de pescado, con lo cual podrá aumentar su stock y cumplir con sus 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