Kuña Guapa Group
Mercedes is a member of this group. She manages a food pantry where she conducts her sales. Mercedes begins her work in the early morning hours and finishes at night. She wants to continue working so that she can help her family. The loan she is requesting will be used to restock her business with beverages, snacks, canned goods, meats, and other products, which will be a great help.
Mercedes and the rest of her group are grateful for the opportunity they have received from Kiva and Fundación Paraguaya.
Mercedes es miembro del grupo, y ella se dedica a las ventas, tiene una despensa, en la cual trabaja desde muy tempranas horas del día y termina ya muy noche. El deseo de Mercedes es seguir trabajando para poder seguir ayudando a su familia. Ella solicita el crédito para poder abastecer su negocio con bebidas, comestibles, enlatados, carnes y demás productos, lo cual le será de mucha ayuda. Ella y el grupo agradecen por la oportunidad que están recibiendo de kiva y de fundación paraguaya.
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