Kuña Aty Group
Angela has a small grocery store. She says that she is a very hard-working and tenacious woman who starts work very early each morning as when she opens her store she already has customers waiting. Thanks to her hard work and effort, she has been able to do well and help her family.
Angela came to Fundación Paraguaya and Kiva for a loan to buy baked goods, dairy products, rice and other items she needs to stock her business. This will enable her to continue working.
Angela tiene una pequeña despensa,comenta que es una mujer muy trabajadora y luchadora que diariamente empieza a trabajar desde muy tempranas horas de la mañana, ya que desde esas horas ya tiene clientes aguardando. Gracias a su trabajo y a su esfuerzo ha podido salir adelante y ayudar a su familia.
Angela acude a la fundación y a kiva para la compra de panificados, lácteos, arroz y demás insumos necesarios para poder abastecer su negocio y de esa forma poder seguir trabajando.
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