Kuña Guapa Group
Beatriz is one of the members. She makes sweets to sell. She comments that thanks to this work she’s able to help her family and meet their daily needs. Her goal is to someday be able to have a big factory and provide employment for more people who want to get ahead.
She is asking for the loan to buy sugar, milk, peanuts and other ingredients she needs to make the sweets she sells.
They are grateful for the opportunity they are getting from Kiva and from Fundación Paraguaya.
La Sra. Beatriz, es una de las miembros, ella se dedica a la producción y venta de dulces, y comenta que gracias a este trabajo puede ayudar a su familia y darles para el día a día. Su meta es poder tener algún día una gran fábrica y poder dar trabajo a más personas con ganas de salir adelante.
Ella solicita el crédito para la compra de azúcar, leche, maní y demás insumos que necesite para hacer los dulces que vende. 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