Las Marias Group
Mary is the president of the group, and she works selling milk. She gets up early every morning to travel around making sales. As a result of her work, she has been able to get ahead and help with her family’s expenses. Her goal is to become a great entrepreneur and small business owner.
She is requesting this loan in order to continue her business and stock products for resale.
Mary es la presidenta del grupo, ella nos comenta que se dedica a la venta de leche. Trabaja todos los días desde muy temprano, ya que sale a repartir su producto. Por medio de su trabajo ella ha podido salir adelante y ayudar con los gastos de familia. Su meta es ser una gran microempresaria.
Ella solicita el crédito para la compra de lacteos, con lo cual podrá seguir trabajando y teniendo el producto en stock.
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