Cerro Poty Group
The president, María Lourdes, lives with her husband and children. She sells sweets for a living, i.e. sweet pastries. She has her business in the downtown of the city of Caacupé. She comments that she has good sales and tells us that one of her goals is to continue growing so that in this way she can continue helping her husband to keep the house.
She is requesting a loan for the purchase of flour, sugar, sweets and additional ingredients which produce the sweets that she sells. She, together with her partners, constantly conduct activities and thereby promote integration among the partners and try to continue with their payments.
La presidenta, la Sra. María Lourdes vive con su marido e hijos, ella se dedica a la venta de confites, es decir de masitas dulces, tiene su negocio en el centro de la cuidad de Caacupé. Comenta que tiene buena venta, y nos dice que una de sus metas es seguir creciendo para que de esa forma pueda seguir ayudando a su marido para mantener la casa.
Ella solicita el crédito para la compra de harina, azúcar, dulces y demás insumos con los cuales elabora los confites que vende. Ella junto con sus compañeras realizan constantes actividades y de ese modo fomentar la integración entre las compañeras y tratar de adelantar sus cuotas.
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