Angela is one of the members, she is 44 years of old, married to the Juan who is bricklayer, and they have 5 children and because of them, they work hard day by day. She has a well-stocked store, in which she works every day and thanks to which she can help her family and give them what they need.
Angela requests the loan to purchase milk, bread, vegetables, etc. with which she could supply her business.
La Sra Angela es una de las miembros, ella tiene 44 años de edad, está casada con el Sr Juan quien es Albañil de Obras, juntos tienen 5 hijos, por quienes luchan día a día. Ella tiene una despensa bien surtida, en la que trabaja todos los días, y gracias a la cual puede ayudar a su familia y darles lo que necesita.
La Sra. Angela solicita el préstamo para invertirlo en la compra de lácteos, panificados, verduras, etc. Con lo que podrá surtir su negocio.
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