Mujeres Para El Desarrollo Group
Dionicia is one of the members. She has a small dispensary, in which she works starting very early in the morning. She is a very hardworking and enterprising woman, who says that her dream is to keep growing her business and make it better and better each day.
She is seeking this loan to purchase drinks, baked goods, sausages, meats and other products, since these are her best-selling items. She wants her business to be well-stocked. Dionicia thanks the Paraguay Foundation and Kiva for the opportunity that they have given to her and her group.
Dionicia es una de las miembros, ella tiene una pequeña despensa, en la que trabaja desde muy tempranas horas de la mañana. Ella es una persona muy trabajadora y emprendedora y comenta que sueña con poder seguir agrandando su negocio y de esa forma cada día ser mejor.
Solicita el crédito para la compra de bebidas, panificados, embutidos, carnes, y demás productos, ya que son los que más vende y quiere tener bien surtido su negocio. Dionicia agradece a la fundación y a Kiva por la oportunidad que está recibiendo ella y su grupo.
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