Virgen Las Mercedes Group
Juana is a member of the group. She says that thanks to the work she has performed with her group, she has been able to get ahead and help her family. Juana has a well-stocked food pantry where she works every day beginning in the early morning hours. Her dream is to continue expanding her shop so that she can keep moving forward.
She is requesting a loan in order to buy beverages, dairy products, baked goods, vegetables, greens, and other items so that she can continue offering the variety that her customers are accustomed to having.
Juana es miembro del grupo, comenta que gracias al trabajo que hace con su grupo ha podido salir adelante y ayudar a su familia. Juana tiene una despensa bien surtida donde trabaja todos los días desde muy temprano. Su sueño es poder seguir agrandando su local y de esa forma poder seguir adelante.
Ella solicita el crédito para la compra de bebidas, lácteos, panificados, verduras, hortalizas y demás insumos para poder seguir brindando la variedad a la que está acostumbrada su clientela.
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