Kuña Pukavy Group
One of the members is Mrs. Dilma, who engages in the sales of sheets and blanket sets, and she tells us that the help of the foundation was able to really improve her business and her lifestyle and income level. She says that because of this business, the family's economic state was greatly improved.
She is asking for this loan to buy linens, which will keep her business well-supplied to meet the demands of her customers. The women feel grateful to the foundation for the opportunity they are being given.
Una de las miembros es la Sra. Dilma quien se dedica a la venta de sabanas y colchas, y nos comentan que mediante el la ayuda de la fundación pudo mejorar bastante su actividad y su nivel de vida e ingreso económico. Ella nos comenta que mediante este negocio la economía de la familia mejoró bastante.
Ella solicita el crédito para la compra de sabanas, con lo cual podrá estar abastecida para poder cumplir con la demanda de sus clientes. Ellas están agradecidas con la fundación 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