Mujeres Trabajadoras Group
Eliodora is one of the group members. She sells food products of all kinds, such as empanadas, sandwiches and other kinds of food.
She says that she has been working at this for some time, so she already has a good clientele. She is applying for the loan in order to buy meat, condiments, baked goods, vegetables, and other ingredients. With these, she will be able to stock her business, and that way be able to continue working and growing as a small business person.
La señora Eliodora es una de las miembros del grupo, ella se dedica a la venta de comestibles de todo tipo, como ser empanadas, sandwish, y demás tipos. Ella comenta que se dedica a esto hace un buen tiempo, por lo que ya tiene una buena clientela.
Ella solicita el crédito para la compra de carne, condimentos, panificados, verduras y demás insumos, con lo cual podrá abastecerse y de esa forma poder seguir trabajando y crecer como microempresaria.
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