Marina is a member of the group who starts work very early to run a general store, as her customers seek to buy items first thing in the morning. She started her business as a very small store, and with her work and dedication has now been able to grow it into a larger business. She now wishes to stock the store with more products, and thus seeks a loan from kiva in order to buy varied food items, drinks, produce, etc.
La Sra. Marina es una de las miembros de este grupo, y nos comenta que trabaja todos los días desde muy tempranas horas de la mañana, ya que tiene una despensa y desde muy temprano ya tiene clientes esperándola. Ella nos cuenta que empezó con un negocio pequeño, pero que gracias a su trabajo y dedicación ha podido ir creciendo y llegar a lo que es hoy.
Ella desea abastecer su negocio con mas productos, y es por ello que acude a la fundación y a kiva, ya que desea un crédito para la compra de comestibles, bebidas, hortalizas y demás.
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