Mujeres Unidas Group
One of the women is Olga, who sells drinks. Her business allows her to help her family get ahead and contribute to the household expenses. She says that she has good sales, especially on the weekends, which is when most people don’t work and are free.
Since it’s going really well, she wants to continue investing in the business, which is why she is requesting the loan to purchase beers, wines, liquors, and other drinks, which she will use to meet the demands of her customers. Additionally, the end of the year parties are coming up and she wants to be ready.
Una D. las señoras es Olga, quien se dedica a la venta D. bebidas, negocio gracias al cual pueD. sacar adelante a su familia y ayudar en los gastos D. la casa. Ella comenta que tiene buena venta, en especial los fines D. semana, que es cuando la mayoría D. las personas no trabaja y está libre.
Debido a que le va muy bien, ella quiere seguir invirtiendo en du negocio, y es por eso que piD. el crédito para la compra D. cervezas, vinos, licores y demás bebidas con lo cual podrá cumplir con la demanda D. sus clientes, además ya se acercan las fiestas D. fin D. año y quiere estar preparada.
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