Sra. Fidelina is one of the bank members. She is a street vendor and sells fruits and vegetables. She is a very hardworking woman with a great desire to succeed. She manages every day on behalf of her children since she is a single mother. She says that she is very satisfied with her work and the training the group receives.
Fidelina is requesting the loan to buy more fruits and vegetables, such as oranges, apples, tomatoes, onions and others. She, together with her friends, is grateful to the Fundación and to Kiva for this opportunity.
La Señora Fidelina es una de las integrantes del comité, ella se dedica a la venta de frutas y verduras, vende por la calle. Es una señora muy trabajadora y con muchas ganas de salir adelante, lucha diariamente por sus 4 hijos ya que ella es madre soltera. Comenta que se encuentra muy satisfecha con su actividad y las capacitaciones que recibe el grupo.
La señora Fidelina solicita el crédito para la compra de mas frutas y verduras, como ser naranjas, manzanas, tomates, cebollas, y demás frutas y verduras. Ella al igual que sus amigas están agradecidas a la fundación y a kiva por esta oportunidad.
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