Mujeres Organizadas Group
One of them is Yenny. She tells us that she has a store that is very well-stocked and equipped. She has a good variety of products and she tells us that, thanks to this, her store is well know in the neighborhood.
Thanks to her store, she has been able to move her family forward in life and also to cover the extra household expenses. Her projects incluD. continuing to grow her business and, in view of this, she is requesting a loan to buy noodles, sugar, milk, baked goods, vegetables, and other products with which to stock her store.
Una D. ellas es la señora Yenny. Ella nos comenta que tiene una despensa, la cual está muy bien surtida y equipada, tiene gran variedad D. productos y nos dice que gracias a todo esto es muy conocida en su barrio.
Gracias a su despensa ella ha logrado sacar adelante a su familia y también cubrir los gastos extras D. la casa. Dentro D. sus proyectos está seguir creciendo y en miras a esto solicita el crédito para la compra D. fideos, azúcar, leche, panificados, verduras y demás, con lo que podrá surtir su 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