One of the members is Cynthia, who tells us that she works every day beginning very early in the morning. She sells milk, and she tells us that the business is going well because she already has many customers, which brings her a good income. Her dream is to be able to have a big business where she can offer the milk that she sells.
She requests help from Kiva and from the Foundation to buy milk, stock up, and, in doing so, meet the needs of her customers.
Una de las miembros es la señora Cynthia, quien nos cuenta que trabaja todos los días desde muy tempranas horas de la mañana. Ella se dedica a la venta de leche, y cuenta que le va muy bien, por que ya tiene una clientela bien formada, lo que leo trae muy buenos ingresos. Su sueño es poder tener un negocio grande donde poder ofrecer la leche que vende.
Ella solicita la ayuda de kiva y de fundación para la compra de leche y de esa forma poder abastecerse y tener para poder cumplir con sus clientes.
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