Mujeres Unidas Group
Lurdes is a member of the group. She sells milk products. She starts work very early in the morning as she must have the milk available for breakfast. She is a hardworking person and is very keen to get ahead and help her family.
Lurdes is seeking a loan to buy milk so she has sufficient stock to satisfy the needs of her customers.
Lurdes es miembro de este grupo y nos comenta que se dedica a la venta de leche. Empieza a trabajar desde muy tempranas horas del día, ya que debe tener la leche para la hora del desayuno. Ella es una persona muy trabajadora y con muchas ganas de salir adelante y por medio de su trabajo poder ayudar a su familia.
Ella solicita el crédito para la compra de leche, con lo cual podrá abastecerse y de esa forma poder cumplir con la demanda de sus clientes.
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