Maria is the president of this committee and works in the buying and selling of oil. She also works in recycling in her free time. She worries about her group and always tries to fulfill all that is asked of her by the Foundation. She comments that thanks to her efforts, she has been able to help her family and give them certain comforts that make their lives more dignified and respectable. She is asking for this credit so that she may purchase oils that she will then re-sell. She appreciates the Foundation for the opportunities that it gives them.
La Sra. María es la presidenta del comité y se dedica a la compra-venta de aceites así como también en su tiempo libre se dedica al reciclaje; por supuesto se preocupada por su grupo y siempre trata de cumplir con todo lo exigido por la Fundación. Ella comenta que gracias a su esfuerzo ha podido ayudar a su familia y darles las mínimas comodidades para tener una vida digna y decorosa.
Ella solicita el crédito para la compra de aceites para después volverlos a vender. Agradece a la fundación por la oportunidad de progreso que les 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