La Alegría Group
Fermina is a very hardworking person, and she tells us that she makes all kinds of pastries. Thanks to the skills she has with sweet things, she has been able to get ahead and get her business up and running. It's because of that effort that she's a successful micro-entrepreneur today.
She requests the loan in order to purchase the supplies she needs for making the pastries, such as flour, butter, sugar and other items. She gives thanks for the help she's getting from Fundación and Kiva.
Fermina es una persona muy trabajadora, y nos comenta que se dedica a hacer todo tipo de confites. Ella gracias a la habilidad que tiene con las cosas dulces ha podido salir adelante y levantar su negocio, y gracias a ese esfuerzo hoy en día es una microempresaria exitosa.
Ella solicita el crédito para la compra de los insumos que necesita para poder hacer los confites, como ser harina, manteca, azúcar y demás. Agradece por la ayuda que esta recibiendo de fundación y de kiva.
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