San Cayetano Group
One of the group members of Gladis who sells all kinds of food. She comments that she does well in the business because her customers love the dishes she prepares. Because she wants to stay in business she’s asking for a loan to buy meat, vegetables, condiments and others which are indispensable for her meal preparation. She thanks the Fundación for the opportunity it gives her because the help is very important.
Una de las miembros es la señora Gladis, quien se dedica a la venta de alimentos de todo tipo. Comenta que le va muy bien en el negocio, puesto que a sus clientes les encanta los platillos que ella prepara. Ya que desea seguir con el negocio solicita el crédito para la compra de carnes, hortalizas, condimentos y demás, los cuales son indispensables para la elaboración de los alimentos.
Agradece a la fundación por la oportunidad que esta le da, pues la ayuda es muy importante.
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