Las Hermanas Group
Digna is one of the members of the group. She is a hardworking determined woman who starts work every day at an early hour, the time when her customers go to her store. She has a well-stocked store which she began in small premises but through her efforts has been able to move to a bigger location.
Digna is seeking a loan from the Paraguaya Foundation to buy basics such as sugar, pasta, dairy products etc. She is very grateful for the opportunity that she and her friends have to receive a loan.
Digna es una de las miembros del grupo, ella es una mujer muy trabajadora y luchadora, que diariamente empieza a trabajar desde muy tempranas horas, ya que desde esas horas ya tiene clientes que acuden a su despensa. Tiene un negocio bien surtido, y nos cuenta que empezó con un pequeño local, pero que por medio de su esfuerzo ha podido crecer.
Ella solicita el crédito a la fundación paraguaya para la compra de productos de primera necesidad, como ser azúcar, fideos, lácteos, y demás insumos, está muy agradecida por la oportunidad que ella y sus amigas están recibiendo.
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