Mujeres Emprendedoras Group
The president of the group is Epifania, who sells vegetables. She explains to us that with this work she has been able to support her family and give them what they need day to day. Her goal is to expand her business so that she can offer a greater variety to her customers.
She is requesting the loan to buy tomatoes, bell peppers, onions, cucumbers, and other vegetables, which will help her to have her business well stocked. The group is very grateful to Fundación Paraguaya and Kiva for the opportunity they are receiving.
La presidenta del grupo es la Sra. Epifania, quien se dedica a la venta de verduras y nos comenta que con este trabajo ella ha podido mantener a su familia y darles lo que necesitan para el día a día. Su meta es agrandar su negocio y de esa forma poder ofrecer mayor variedad a sus clientes.
Ella solicita el crédito para la compra de tomates, locotes, cebollas, pepinas y demás verduras, lo que le ayudará a tener bien surtido su negocio. El grupo está muy agradecido con la fundación paraguaya y con Kiva por la oportunidad que están recibiendo.
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