Mejor Bienestar Group
Inocencia is the group’s president and sells milk in the neighborhood. She also raises pigs and chickens. She wants to progress with the foundation and be able to reach the highest level that she can with the committee. She says that she begins working very early in the morning, which requires a lot of sacrifice. She wants to continue to grow and be able to continue helping her family.
She is asking for this loan to buy milk so she can resupply herself and meet her customer demand. She appreciates the foundation and Kiva for the help they give.
La Señora Inocencia es la Presidenta del grupo; trabaja vendiendo leche por el barrio; cría chancho y gallina. Anhela progresar con la fundación y poder llegar al nivel más alto que puede llegar un comité. Nos comenta que ella empieza a trabajar desde muy tempranas horas de la mañana, lo cual es muy sacrificado. Ella desea poder seguir creciendo y de esa forma poder seguir ayudando a su familia.
Inocencia solicita el crédito para la compra de leche, con lo cual podrá abastecerse y cumplir con sus clientes. Ella agradece a la fundación y kiva por la ayuda 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