San Juan Potrerito Group
Maria is one of the members of the group. She sells all types of food for a living and tells us that she has a great flavor for food, so she already has a well formed customer base. Her dream is to be able to have a place where she can sell the food that she prepares. She is requesting a loan in order to buy meat, baked goods, condiments and other supplies that she needs to prepare the food that she sells. She is thankful to the foundation and kiva for the opportunity they are giving her to progress.
Maria es una de las integrantes del grupo, ella se dedica a la venta de todo tipo de alimentos, y nos cuenta que tiene muy buena sazón para la comida, por lo que ya tiene una clientela bien formada. Su sueño es poder tener un local donde pueda vender los alimentos que prepara.
Ella solicita el crédito para la compra de carnes, panificados, condimentos, y otros insumos que necesita para preparar los alimentos que vende. Agradece a la fundacion y a kiva por la oportunidad que les da de progresar.
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