Gladys is a member of this group and she tells us that her business is selling all kinds of food that she prepares herself. She says that she has a good customer base because the food she prepares is very tasty. She is requesting this loan to buy meat, seasonings, vegetables and other products so that she can continue offering fresh food to her customers.
Gladys es parte del grupo, y cuenta que se dedica a la venta de comestibles de todo tipo que ella misma prepara. Comenta que tiene una buena clientela, ya que tiene muy buena sazón. Ella solicita el préstamo para la compra de carne, condimento, verduras y demás productos para poder seguir ofreciendo alimentos frescos 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