Barrio Felsina Group
Herminia is a baker and tells us that she started with a small business but that, thanks to her sales and quality products, in addition to her effort and hard work, she has been able to move ahead and continue growing. She says that her goods are highly appreciated by her customers so that she would like to be able to continue working. She is requesting the loan to buy flour, butter, salt, sugar and other ingredients needed to be able to continue with her bakery.
The members are very pleased with the opportunity that they are receiving from Fundación Paraguaya and Kiva.
Herminia es panadera, y nos comenta que habia empezado con un pequeño negocio, pero que gracias a las ventas que tiene y a los buenos productos, sumado a su esfuerzo y arduo trabajo ha podido salir adelante y de esa forma ir creciendo. Comenta que sus productos son muy apreciados por sus clientes, por lo que le gustaría poder seguir trabajando.
Ella solicita el crédito para la compra de harinas, manteca, sal, azúcar y demás insumos necesarios para poder seguir con su panadería. Estan muy contentas por la oportunidad que reciben de fundación paraguaya 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