San Cayetano Group
A moving story is Amada’s who sells vegetables. She comments that the previous loan made it possible for her to improve her business, her standard of living and her income quite a bit. She also comments that through this business the family’s economy improved quite a bit since she also supports her elderly father and her three children.
She is once again asking help from Fundación Paraguaya to buy vegetables to stock up and meet customer demand.
Una historia muy conmovedora es la de la Señora Amada quien se dedica a la venta de verduras. Nos comenta que mediante el crédito anterior pudo mejorar bastante su actividad y su nivel de vida e ingreso económico . Además de eso nos comenta que mediante este negocio la economía de la familia mejoró bastante ya que ella mantiene a su padre anciano y a sus 3 hijos.
Solicita de nuevo la ayuda de Fundación Paraguaya para al compra de verduras, para abastecerse y cumplir con la demanda de 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