Arandu Raity Group
Mrs. Adela sells puddings and pies, and tells us that business is good - she already has plenty of customers who regularly purchase her products. Her goal is to have a good size premises, where she can sell the products she makes. Adela is requesting a loan to buy vegetables, meat, condiments and other supplies to keep producing the food that she sells. She is grateful for the help she is receiving from Kiva and fundación paraguaya.
La Sra Adela se dedica a la venta de budin y empanadas, y cuenta que tiene buena venta, pues ya tiene buena cantidad de clientes que siempre compran de ellas los productos que vende. Su meta es poder tener un local de alimentos bien grande, donde poder vender los productos que tiene.
Solicita el crédito para la compra de verduras, carne, condimentos y demás insumos para poder seguir haciendo los alimentos que vende. Agradece por la ayuda que está 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