El Progreso Group
One of these women is Señora Julia who tells us that she sells empanadas for a living. She says that her sales are always high and this helps her to have a better income which supports her family. She says that one of her dreams is to have a stall where she can sell her products.
She is requesting help from the foundation and from kiva to purchase meat, chicken, ham and cheese, eggs and condiments which are essential to her business.
Una de esas mujeres es la señora Julia, quien nos cuenta que se dedica a la venta de empanadas. Cuenta que siempre tiene mucha venta, lo cual la ayuda a tener mejores ingresos con lo que ayuda a su familia. Ella dice que uno de sus sueños es poder tener una casilla donde vender los productos que tiene.
Solicita la ayuda de la fundación y de kiva para poder comprar carnes, pollo, jamón y queso, huevo y condimentos, los cuales son indispensables para su negocio.
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