Bonifacia is one of the members of this group. She has a small, well-stocked grocery store where she provides all kinds of basic household products to her customers. She says that she has good sales because her business is the most well-stocked and she makes good profits as a result. She is very hopeful that Fundación Paraguaya and Kiva will be able to help her to continue growing her business.
Bonifacia is requesting this loan to buy sugar, flour, noodles, rice, milk, bread, etc. so that she will have a larger stock of products to offer her customers.
Bonifacia es una de las miembros, ella tiene una pequeña despensa bien surtida, en donde provee de todo tipo de articulos de primera necesidad a todos sus clientes. Comenta que tiene buena venta ya que su negocio es el más surtido, y gracias a eso tiene buena ganancia. Está muy esperanzada en que la fundación y kiva podrán ayudarla a seguir creciendo.
Ella solicita el crédito para la compra de azúcar, harina, fideos, arroz, leche, pan, etc. con lo que podrá tener un mayor stock de productos para ofrecer a sus clientes.
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