El Progreso Group
Nelly is a member of the group, and she says that she devotes herself to sales. She has a small, well-stocked grocery store where she sells basic needs items to her customers. She is a very hard-working person. She starts her work day very early in the morning, and she finishes late at night.
Her goal is to continue working in order to be able to continue supporting her family. That is why she is requesting the loan. She wants to stock her business with vegetables, meat, drinks, dairy products, and other supplies, which are the ones that sell the most.
She is grateful for the help that she is receiving from Kiva and the Fundación Paraguaya.
Nelly es miembro del grupo, y cuenta que se dedica a las ventas, ya que tiene una pequeña despensita bien surtida, donde ofrece los productos de primera necesidad a sus clientes. Ella es una persona muy trabajadora, ya que empieza su jornada desde muy tempranas horas en la mañana y termina ya muy noche.
Su meta es seguir trabajando para poder seguir apoyando a su familia, es por ello que solicita el crédito, ya que quiere surtir su negocio con verduras, carnes, bebidas, lácteos y demás insumos, que son los que mas salida tienen. Agradece por la ayuda que está recibiendo de Kiva y fundación paraguaya.
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