Kuña Renda 2 Group
One of the members is Sra. Maria. She says that with great effort, she has been able to move forward and make progress in her business. Maria sells beverages of all types and indicates that she started out with a small business. To this day, she has been able to continue growing. She approached Fundación Paraguaya and Kiva in order to request a loan. She wants to invest in the purchase of beverages to restock her business. She is grateful for the opportunity to make progress which she and her friends have received.
Una de las integrantes es la señora Maria, quien nos comenta que con mucho esfuerzo ha podido salir adelante e ir progresando en su negocio. Ella se dedica a la venta de bebidas de todo tipo y cuenta que había empezado con un pequeño negocio, opero que hoy en día ya ha podido ir creciendo. Ella acude a la fundación y a kiva para solicitar un crédito, el cual desea invertir en la compra de bebidas, para poder abastecer su negocio.
Ella agradece por la oportunidad de progreso que ellas y sus amigas estan recibiendo.
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