Unidad De Santa Clara Group
Mirta is one of the members. She says that she makes sweets of all kinds, and that it is going very well. She says that she makes the sweets for all kinds of events, and thanks to that she has become very well known. She is asking for the loan to buy flour, eggs, lard, and the rest of the ingredients for making sweets.
She is grateful to the Foundation and to Kiva for the opportunity she has been given.
Mirta es una de las miembros, nos comenta que se dedica a la elaboración de confites de todo tipo, en lo cual le va muy bien. Dice que gracias a sus buenas manos con los dulces es que le va muy bien. Comenta que hace confites para todo tipo de eventos y gracias a eso se ha hecho muy conocida.
Ella solicita el crédito para la compra de harina, huevos, manteca y demás ingredientes para la elaboración de confites. Agradece a la fundación y a kiva por la oportunidad que esta le da.
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