Mujeres Al Poder Group
One of these women is Gloria, who tell us that she has a small, well stocked pantry. Thanks to her business she is able to help her family and maintain the house. Day to day she begins work very early and finishes very late. She says that she likes her business very much, and she would like to some day expand it.
She is requesting a loan in order to buy drinks, groceries, canned goods, sugar, noodles and other basic necessities. She is thankful to the foundation and to kiva for the opportunity they are giving her and her group.
Una de estas mujeres es la señora Gloria, quien nos cuenta que tiene una pequeña despensa bien surtida. Gracias a su negocio ella puede ayudar a su familia y mantener la casa. Día a día ella empieza a trabajar desde muy temprano y termina ya muy noche. Cuenta que le gusta mucho su negocio y le gustaría, algún día, poder ampliarlo.
Ella solicita el crédito para la compra bebidas, comestibles, enlatados, azúcar, fideos y demás artículos de primera necesidad. Agradece a la fundación y a kiva por la oportunidad que le dan a ella y a su grupo.
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