Kuña Guapa Group
Iluminada is very hardworking just like her fellow members. When she started in the committee she had a small snack shop and today it’s the most heavily patronized in the zone; she has a well established clientele. With her increased income she was able to build a modern bathroom.
On this occasion she’s asking for the loan to buy supplies like soft-drinks, snacks, cookies and others to be able to continue working and offering a better future for her family.
La Sra. Iluminada es muy trabajadora como todas sus compañeras, ella cuando empezó con su comité tenía un pequeño copetín y hoy día su copetín es el más visitado en la zona, ya tiene una clientela formada, con la mayor generación de ingreso pudo construir para su baño moderno.
Esta vez solicita el crédito para la compra de insumos, como ser bebidas, golosinas, galletitas y demás, con los cuales podrá seguir trabajando y ofreciendo un mejor futuro a su familia.
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