Guayaibyty Poty. Group
One of the members is Sra. Norma. She manages a well-stocked food pantry. Norma says that thanks to her business and the good service she provides, she has been able to continue growing. She is doing very well since most of her neighbors come to her business.
Norma is requesting a loan to buy sugar, noodles, rice, and other basic necessities. She says the loan will be a great help to her business so that she can satisfy her customers.
Una de las miembros es la señora Norma, quien tiene una despensa bien surtida. Comenta que gracias a su negocio y a la buena atención que le da es que ha podido seguir creciendo. Dice que le va muy bien, ya que la mayoría de sus vecinos acuden hasta su negocio.
Ella solicita el crédito para la compra de azúcar, fideos, arroz, y demás artículos de primera necesidad. Comenta que esto le será de gran ayuda en su negocio para poder cumplir con sus clientes
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