Guarani - Ka’Aguy Group
Francisca is one of the members of the group and she tells us that every day she begins work very early in the morning and works all day. She sells all types of products door-to-door, such as bed sheets, blankets, quilts and more. Thanks to this work she has been able to help her family and provide what they need so that they are not lacking for any basic necessities.
She is seeking a loan so that she can buy bed sheets and quilts, her most important products. At the same time she is thankful for this opportunity for herself and her friends.
Francisca es una de las miembros del grupo, y ella nos cuenta que todos los días trabaja desde muy tempranas horas del día. Ella se dedica a la venta ambulante de todo tipo de productos, como ser sabanas, frazadas, edredones y demás, gracias a este trabajo ha logrado ayudar a su familia y darles lo que necesitan para no tener que pasar por ninguna necesidad.
Ella solicita el crédito para la compra de sabanas y edredones, que son sus principales productos, a la vez agradece por la oportunidad que ella y sus amigas están recibiendo.
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