Maria Auxiliadora Group
Leonida is the president. She is the person who guides the group so they work together, do not become discouraged, and fight to achieve what they want. She runs a small cafe, and with the income from it she supports her family and provides them with the necessities for a simple but painless life.
Leonida is seeking a loan to buy cookies, soft drinks, candy and other products so she has a good variety to offer her customers. She and her friends are grateful for this opportunity from Kiva and the Fundación Paraguaya.
Leonida es la presidenta, y es ella quien siempre orienta a sus amigas a poder trabajar juntas y a no rendirse y luchar por lo que quieren. Leonida tiene un copetín y con esto mantiene a su familia y les da lo que necesitan para una vida digna y sin privaciones.
Ella solicitó el crédito para la compra de galletitas, gaseosas, golosinas y demás productos con los cuales quiere surtir y de esa forma darle buena variedad a sus clientes. Ella y sus compañeras agradecen la oportunidad que están recibiendo de Kiva y 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