Lucia has a store in which she works every day and she begins working early in the morning. She always has a lot of customers at all hours. Thanks to her good attitude and her great customer service, she has managed to get ahead.
She is seeking a loan so that she can buy supplies to stock her shelves. She needs milk, sausages, cheese, noodles, sugar, and other supplies, since these are the most purchased items.
Lucia tiene una despensa en la que trabaja todos los días desde muy tempranas horas del día, ya que siempre y a toda hora tiene muchos clientes. Gracias a su buena onda con sus clientes ha logrado salir adelante.
Ella solicita el crédito para la compra de insumos para llenar su despensa, con leche, embutidos, queso, fideos, azúcar y demás insumos, ya que son los que más salida tienen.
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