Divino Niño Jesus 2 Group
Carmen is a very hardworking person and she tells us that she works selling oils that are used for cooking. She defines herself as a person who very much wants to get ahead and to be able to help her family through her work. Her goal is to continue growing and become a great merchant.
She’s asking for the loan to buy oil to have a variety available to offer her customers. She is grateful for the opportunity she’s getting from Kiva and Fundación Paraguaya.
Carmen es una persona muy trabajadora, y nos comenta que se dedica a la venta de aceites que se usan para los alimentos. Ella se define como una persona con muchas ganas de salir adelante y poder ayudar por medio de su trabajo a su familia. Su meta es poder seguir creciendo y ser una gran comerciante.
Solicita el crédito para la compra de aceite, con lo cual podrá tener una buena variedad y ofrecer a sus clientes su producto. Agradece por la oportunidad que están recibiendo de kiva y de fundacion 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