Kuña Katupyry Group
Hipólita is a very hardworking woman. She tells us that she works everyday from very early until late at night. She has a grocery store where she supplies her neighbors with all sorts of products. She comments that she began with a small business and that, thanks to her work, it has been growing.
She is requesting the loan to stock her premises with staple good such as: rice, flour, pasta, corn meal, eggs, etc. She is happy to be part of the program as she knows that she can progress this way.
Hipólita es una mujer muy trabajadora, comenta que todos los días trabaja desde muy tempranas horas, hasta muy entrada la noche. Tiene una despensa, en donde surte a sus vecinos con todo tipo de productos. Comenta que empezó con un pequeño negocio, y que gracias a su trabajo ha ido creciendo.
Ella solicita el crédito para poder surtir su local con artículos de primera necesidad, como ser: arroz, harina, fideo, harina de maíz, huevos, etc. Está contenta por formar parte del programa de la fundación, pues sabe que podrá progresar de esta forma.
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