Mujeres Unidas Group
One of the members of the group is Elsa. She works making sweet and salty snacks, and tarts in general, and also her family has a dairy farm and they work selling milk.
She is a dynamic and hardworking woman, always putting forth the maximum effort in order to be able to give her family everything they need so they do not lack for any type of necessity.
Elsa went to the foundation and to Kiva in order to ask for a loan in order to buy cake and pastry supplies such as sugar, butter, candy and other necessities in order to make her products. She, just like the other members, is very happy with the Fundación Paraguaya.
Una de las integrantes del grupo es la Sra. Elsa, ella se dedica a la elaboración de bocaditos dulces, salados y tortas en general, y también su familia tiene un tambo y se dedican a la venta de leche. Es una mujer muy dinámica y trabajadora, se esfuerza siempre al máximo para poder dar a su familia todo lo que necesitan para que no pasen por ningún tipo de necesidades.
Elsa acudió a la fundación y a kiva para solicitar un crédito, para la compra de insumos de repostería, como ser azúcar, manteca, dulces y demás insumos necesarios para la elaboración de sus productos. Ella al igual que sus compañeras está muy contenta con la fundación paraguaya.
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