Ñepytyvo Rekavo Group
María Concepción is group president. She’s a person with a great spirit of growth and always tries to transmit this spirit to her girlfriends. She’s asking for the loan to be able to stock her business with meat, dairy products, soft-drinks, wine, baked goods and others which is what sells the most and she wants to be able to stock her business well.
She and her group are grateful for the help they’re getting from Kiva and Fundación Paraguaya because it will be of great use to them.
Maria Concepcion es la presidenta del grupo, ella es una persona con un gran espiritu de crecimiento, y siempre trata de transmitir ese espiritu a sus amigas. Ella solicita el crédito para poder surtir su negocio con carne, lacteos, gaseosas, vinos, panificados y demás, ya que es lo que mas venta tiene y quiere poder durtir bien su negocio.
Ella y su grupo agradecen por la ayuda que estan recibiendo de Kiva y de fundacion paraguaya, ya que les será de gran utilidad.
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