Asunción is the president of the group. She tells us that she has a well-stocked grocery store, which supplies most of her neighbors. She has a lot of sales, and thanks to her variety and good products, she adds more customers all the time. Her goal is to keep growing so she can have a little more income.
Asunción has turned to Fundación Paraguaya and Kiva to request a loan, which she would like to invest in food, drinks, dairy products, cleaning products, and other items with which she will stock her store.
Asunción es la presidenta del grupo, y nos comenta que tiene una despensa bien surtida, con la cual provee a la mayoría de sus vecinos. Cuenta que tiene mucha venta, y que gracias a la variedad y buenos productos que tiene cada vez se suman mas clientes. Su meta es poder seguir creciendo y de esa forma tener un poco más de ingresos.
Asunción acude a la fundación paraguaya y a Kiva, para solicitar un préstamo, el cual desea invertir en la compra de comestibles, bebidas, lácteos, artículos de limpieza y demás artículos con los cuales quiere llenar su despensa.
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