La Victoria Group
One of the members is Cinthia, who has a recycling business. She comments that through her work she has been able to help her family and give them what they need. She says that she sacrifices a lot for her work, since every day she must get up in the very early hours of the morning to go through the streets collecting recyclable products. She says that she is very proud of what she does, because it is decent and honest work.
She requests a loan to buy recyclable products to re-sell, and in this way have a better profit margin. She is grateful to the Fundacion for giving her this opportunity.
Una de las miembros es la señora Cinthia, quien se dedica al reciclaje, ella comenta que por medio de su trabajo ella ha podido ayudar a su familia y darles lo que necesitan. Comenta que su trabajo es muy sacrificado, ya que todos los días se levanta a muy tempranas horas del día para recorrer por las calles y juntar los productos reciclables, dice que esta muy orgullosa de lo que hace por que es un trabajo digno y honesto.
Ella solicita el crédito para la compra de productos reciclables, para la reventa y de esa forma tener un margen de ganancia mejor. Ella 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