Kuña Pyapy Mbarete Maria Auxiliadora Group
Maris is one of the group members. She says that she sells various kinds of garments. She began with a small store, which thanks to her effort and sacrifice managed to succeed and grow. Her goal is to continue helping her family and at the same time growing her small business.
Maris turned to the microfinance institution Fundación Paraguaya and Kiva for financial support to buy garments of various qualities, which she will stock in her store in order to have a larger product range to offer to her customers.
Maris, es una de las miembros del grupo, ella comenta que se dedica a la venta de prendas de variadas clases. Comenta que empezó con un pequeño negocio, pero que por medio de su esfuerzo y sacrificio ha logrado salir adelante e ir creciendo. Su meta es poder seguir ayudando a su familia y a la vez seguir creciendo como microempresaria.
Maris acude a la fundación y a kiva para la compra de prendas de variada calidad, con lo cual podrá abastecerse y de esa forma ofrecer mayor variedad 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