La Paz Group
One of the members is Juana, who has a business selling food. She tells us that thanks to her work she has been able to support her family and provide them with assistance. She comments that thanks to the good flavor of her food she has been able to establish a good customer base, and in this way, get ahead. She requests a loan to buy meat, bread products, vegetables and other supplies that she needs in order to make the food that she sells. She thanks the Fundacion for giving her this opportunity.
Una de las miembros es la señora Juana, quien se dedica a la venta de comestibles. Nos cuenta que gracias a su trabajo ella ha podido mantener a su familia y ayudarlos. Comenta que gracias a la buena sazón que tiene ha podido formarse una buena clientela y de esa forma salir adelante.
Ella solicita el crédito para la compra de carnes, panificados, hortalizas y demás insumos necesarios para la elaboración de los alimentos que vende. agradece a la fundación 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