Mujeres Encantadoras Group
Maria tells us that she works selling charcoal, a growing business, given that lately this has become an alternate means by which to live. She began selling only to her neighbors, but today she has been able to grow and her goal is to be able to continue growing and in this way help her family.
She asks for this loan to buy charcoal, so she can have more in stock, in order to meet the demand of her clients.
Maria cuenta que se dedica a la venta de carbón, negocio que va en crecimiento, debido a que últimamente este se ha vuelto un medio alternativo. Empezó vendiendo solo a sus vecinos, pero hoy en día ya ha podido crecer, su meta es poder seguir creciendo y de esa forma ayudar a su familia.
Solicita el crédito para la compra de carbón, con lo cual podrá tener más en stock, y de esa forma cumplir con la demanda de 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