Gumercinda is one of the members, and she is president of the group. She says that she always encourages her friends to continue striving for their goals and dreams so they can get ahead in life. She is requesting the loan to buy vegetables so that she can continue working and offering good variety to her customers. She is grateful for the opportunity that she is receiving from Kiva and Fundación Paraguya.
Gumercinda es una de las miembros del grupo, es la presidenta y comenta que siempre motiva a sus amigas a que sigan luchando por sus metas y sus sueños y de esa forma salir adelante. Ella solicita el crédito para la compra de verduras, con lo cual podrá seguir trabajando y ofreciendo buena variedad a sus clientes.
Agradece por la oportunidad que está recibiendo de Kiva y de 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