Kuña Pyapy Mbarete Group
Edilda is a woman whose work is an example for the rest of them. She is a very responsible, hardworking woman but, above all, very nice. She comments that she’s been selling cosmetics for quite some time now and thanks to this has been able to secure a well-defined, regular clientele.
She’s asking for the loan to buy cosmetics to fill customer orders. She and her fellow members are very happy in the Fundación’s program.
Edilda es una mujer, cuyo ejemplo de trabajo motiva a las demás. Ella es una mujer muy responsable y trabajadora, y por sobre todo muy amable. Comenta que se dedica a la venta de cosméticos desde hace ya un tiempo, y gracias a esto ha podido formarse ya una clientela bien definida.
Ella solicita el crédito para la compra de cosméticos, con lo cual podrá cumplir con los pedidos de sus clientes. Ella al igual que sus compañeras se encuentran muy felices dentro del programa de la fundación.
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