Maria sells natural remedies; she sells all kinds of medicinal herbs. She tells us that this is a very exhausting and difficult job, but she likes it anyway because it is good, honest work.
She is requesting this loan for the purchase of natural remedies, such as mint, burrito leaf, and camomile. The group is grateful for the opportunity that the Foundation and Kiva are offering them.
La sra. Maria se dedica a la ventas de remedios naturales, es decir vende hierbas medicinales de todo tipo. Ella comenta que es un trabajo muy agotador y sacrificado, pero que pese a ello le gusta lo que hace, pues es un trabajo honrado y digno.
Ella solicita el crédito para la compra de remedios naturales, como ser menta, burrito, manzanilla y demás remedios. El grupo está agradecido por la oportunidad que le da la fundación y kiva.
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