La Candelaria Group
Vicenta has a store and tells us that it is doing very well since it has become well-established. Vicenta has a clientell that always buy from her, as she has been dedicated to this business for quite a while. She started with a small business, and thanks to her efforts, it grew into what it is today.
She is requesting a loan for the purchase of beverages, dairy, groceries, baked goods and other items that she sells the the most of.
Vicenta tiene una despensa y nos cuenta que le va muy bien, ya que se ha hecho de una clientela bien definida que siempre compra de ella, ya que se dedica a esto hace ya un buen tiempo. Empezó con un pequeño negocio que gracias a su esfuerzo fue creciendo hasta llegar a lo que es hoy en día.
Ella solicita el crédito para la compra de bebidas, lácteos, comestibles, panificados y demás artículos que son los que más vende.
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