Maria Auxiliadora Group
The president of the committee is Limpia. She lives with her husband and children. She sells food, through which she gets the income necessary to help her husband support the home. She says that she has a lot of customers who always buy the food she makes from her. As with her fellow members, she is very satisfied with the support from Fundación Paraguaya and Kiva.
She is asking for the loan to buy the ingredients she uses to make her food such as meat, condiments, vegetables, bread products and more. She is grateful to the Foundation for the opportunity that this gives her.
La presidenta del comité es la señora Limpia, ella vive con su marido y sus hijos. Se dedica a la venta de comidas, medio por el cual obtiene los ingresos necesarios para ayudar a su marido en la manutención de la casa. Dice que tiene muchos clientes los cuales siempre compran de ella los alimentos que prepara. Ella al igual que sus compañeras están muy satisfechas con el apoyo de la Fundación Paraguaya y kiva.
Ella solicita el crédito para la compra de los ingredientes que utiliza para la elaboración de sus alimentos, como ser carnes, condimentos, hortalizas, panificados y demás. Agradece a la Fundación por la oportunidad que esta le da.
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