Point in case is Señora Rosa who sells all kinds of food. She says that her working day starts very early in the morning which is when she prepares her food and ends very late. She says that she always has a lot of orders for her food, as it tastes very good. For these reasons, she wants to continue with the business as she likes it a lot which is why she is asking for a loan to buy meat, chicken, seasonings, bread and so on as they are necessary ingredients for her food.
Un ejemplo de ellas es la señora Rosa, la cual se dedica a la elaboración y posterior venta de alimentos de todo tipo. Dice que su jornada laboral empieza a muy tempranas horas del día, que es cuando prepara sus alimentos y termina ya muy tarde. Comenta que siempre tiene muchos pedidos de sus comidas, pues tiene muy buena sazón. Por estos motivos ella quiere seguir trabajando en esto que le gusta mucho y es por eso que solicita el crédito, para la compra de carne, pollo, condimentos, panificados y demás, los cuales son ingredientes necesarios para sus alimentos.
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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