Kuña Aty Group
Eustaquia, one of the group members, works in laundry service and tells us that she has always had a lot of work, thanks to God. She began doing laundry for a few neighbors, but this small amount grew and now she also receives clients from surrounding neighborhoods.
She is asking for this loan to buy powdered soap, fabric softener, bleach, disinfectant and other laundry ingredients. She is very happy with the help that she receives from Fundación Paraguaya and Kiva.
Eustaquia se dedica a la lavandería y comenta que siempre tiene mucho trabajo, por lo que da gracias a Dios. Comenzó lavando solo para algunos vecinos, pero de a poco fue creciendo que hoy en día, de barrios aledaños también recibe clientes.
Ella solicita el crédito para la compra de jabones en polvo, en pan, suavizante para ropas, lavandinas, desinfectantes y demás insumos que utiliza en la lavandería. Ella está muy contenta con la ayuda de la fundación paraguaya y de 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