Josefa is one of the members of the group and she tells us that she sell beverages in general. She started out with a small business which thanks to her work and hard effort has been able to grow into a well-stocked business.
She’s asking for the loan to buy beverages like soft-drinks, wine, beer and other types to stock up and be able to continue working.
La Sra. Josefa es una de las integrantes y nos cuenta que se dedica a la venta de bebidas en general. Empezó con un pequeño negocio y luego gracias a su trabajo y arduo esfuerzo ha podido ir creciendo y tener un negocio bien surtido.
Ella solicita el crédito para la compra de bebidas, como ser gaseosas, vinos, cervezas y demás tipos, con lo cual podrá abastecerse y de esa forma poder seguir trabajando.
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