San Rafael Group
Honoria is one of the members. She says she begins work very early in the morning when she receives her first customers. Her business provides a good income since most of her neighbors buy from her. One of her goals is to keep growing and earn even more money to support her family.
She is requesting a loan to stock her store with essential goods such as sugar, pasta, rice, herbs and other items. She is grateful to the Fundación for this opportunity.
Honoria es una de las miembros, quien dice que empieza a trabajar desde muy tempranas horas de la mañana, comenta que su despensa recibe a los clientes desde muy tempranas horas. Nos cuenta que su negocio le tare buenos ingresos por que la mayoría de sus vecinos compran de ella. Uno de sus sueños es poder seguir creciendo y tener una mayor ganancia para poder ayudar a su familia.
Ella solicita el crédito para abastecer su negocio con productos de primera necesidad, como ser azúcar, fideos, arroz, yerba y demás. Agradece a la fundación por esta oportunidad que 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