Kuña Katupyry Group
Florencia is one of the group members, and she has a retail business. She has a well-stocked grocery store, where she supplies all the people in her neighborhood. Florencia is a woman very eager to succeed and keep growing.
She is requesting the loan in order to continue the growth of her business, and that way be able to carry more products. She wants to supply her shop with drinks, baked goods, vegetables, cold cuts, canned goods and other products.
Florencia and her group are thankful for the help they are receiving from Kiva and Fundación Paraguaya.
Florencia es una de las miembros del grupo, quien se dedica a las ventas. Ella tiene una despensa bien surtida, donde abastece a todas las personas de su barrio. Florencia es una mujer con muchas ganas de salir adelante y seguir creciendo.
Solicita el crédito para seguir creciendo con su negocio y de esa forma poder tener mayores productos, ya que quiere poder surtir su local con bebidas, panificados, verduras, embutidos, enlatados y demás. Florencia y su grupo agradecen por la ayuda que están recibiendo por parte 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