8 De Diciembre Group
Emilda is one of these admirable women. She says that she sells milk for a living. Since she has been doing this for some time, she has a well formed clientele. She says that thanks to the good quality of her product, she is now known by everyone in the neighborhood. She wants to move forward and continue helping her family, the reason for her sacrifice.
She is requesting a loan to buy milk in bulk, with which she will be able to stock up in order to meet the demands of her clients. She is truly very thankful for this opportunity that the foundation and Kiva is giving her.
Emilda es una de esas mujeres admirables, ella comenta que se dedica a la venta de leche desde hace ya un buen tiempo, por lo que ya tiene una clientela bien formada. Comenta que gracias a la buena calidad de su producto ahora ya es conocida por todo el barrio. Ella desea salir adelante y seguir ayudando a su familia, es por ello de su sacrificio.
Ella solicita el crédito para la compra de leche en cantidad, con lo cual podrá surtirse para cumplir con la demanda de sus clientes. Realmente esta muy agradecida por esta oportunidad que le da la fundación y kiva.
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