Obra Misionera Group
Maximina is one of the members of the group and she’s also its President. She comments that she and her fellow members want to provide a better standard of living for their families and also continue to help with household expenses. She comments that her way of earning her livelihood is selling fruit and in her free time she recycles.
She requested the loan to stock up on seasonal fruit because this way she’ll be well-stocked and be able to meet customer demand.
Maximina es una de las miembros del grupo, y también es la presidenta, comenta que ella al igual que sus demás compañeras tiene el deseo de poder darles un mejor estilo de vida a su familia y también poder seguir ayudando con los gastos de la casa. Ella comenta que su medio de vida es la venta de frutas y en su tiempo libre recicla.
Ella solicita el crédito para abastecerse con frutas de estación, pues de esta forma tendrá surtido su stock para hacer frente al pedido de los 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