One of the members of this group is 29-year-old Edit. She lives with her partner Juan, who is a builder, and they have six children who are their reason for working hard. Edit's business is selling cheese buns and she has been in this business for a long time. She tells us that she would like to have her own sales premises so that she can help her husband to make income for their household. The money that she earns isn't enough to start carrying out the work that she would like to do and so she joined her neighborhood committee so that she could use Fundación Paraguaya's help in starting the work that she wants to carry out.
Edit is requesting a loan to buy cheese buns to resell. This will enable her to take a step closer to fulfilling her dream.
Una de las integrantes, Edit, tiene 29 años, está acompañada con Juan, quien es albañil, tienen 6 hijos, quienes son el objeto de lucha de esta pareja. Edit se dedica a la venta de chipa desde hace un buen tiempo, pero nos cuenta que su deseo es poder tener su propio local y así poder ayudarle a su marido a generar ingresos para su hogar, ya que el dinero que gana no le alcanza para poder empezar con los trabajos que ella desea realizar es por eso que se integro al comité de su barrio para que con la ayuda que le brinda la Fundación Paraguaya pueda empezar con el trabajo que desea realizar.
Ella solicita el crédito para la compra de chipas para poder revender, y de esa forma poder estar un paso más cerca de su sueño.
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