Maria Auxiliadora Group
Mirian, a member of the group, comments that with a lot of sacrifice and effort she is helping her family through her work. She makes her living in retail and comments that she has a very well stocked convenience store through which she supplies her neighbors with what they need. She adds that she began with a small business but as time went by she went along improving her business with her effort and persistence.
She is requesting the loan for the purchase of convenience products, with which she will be able to further stock her store and in this way continue offering a wide variety of products to her clients.
Mirian es integrante, y comenta que con mucho sacrificio y esfuerzo está ayudando a su familia por medio de su trabajo. Ella se dedica al comercio y comenta que tiene una despensa bien surtida, con la cual abastece a sus vecinos. Comenta que empezó con un pequeño negocio, pero que después lo fue reformando con su esfuerzo y lucha.
Ella solicita el crédito para la compra de productos de primera necesidad, con lo que desea poder surtirse y de esa forma seguir brindando buena variedad a sus clientes.
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