Mujeres Emprendedoras Group
One of the members of this group is Elena. Elena has three children and is married to Cristino. Her husband works as a night watchman and she has run a food kiosk for several years. Elena tells us that she always makes good sales as her customers always come to her business which makes her good income. She is requesting this loan to buy food and drink to sell to her customers. She sees the loan as a great help which will enable her to continue running her small business.
Una de las integrantes del grupo es la Sra. Elena, la cual tiene 3 hijos, está casada con Cristino, su marido trabaja como Sereno y ella tiene hace varios años un Kiosko. Cuenta Elena que tiene buenas ventas siempre, pues los clientes siempre acuden hasta su local, lo cual le genera buenos ingresos. Ella solicita el crédito para la compra de comestibles y bebidas para su negocio para venderlos a sus clientes. Ve al crédito como una gran ayuda para seguir con 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