Divino Niño Group
María sells cassava roots in her community and also to people who live outside her community. She would like to be able to plant other kinds of vegetables or fruits in order to grow her business and her income.
She will use the loan to invest in her product, a higher quality of cassava roots so that she can sell them at a better price to be able to offer her clientele so that they are totally satisfied.
La señora María se dedica a la venta de mandiocas a su comunidad y también a gente que vive fuera de la comunidad.Le gustaría poder sembrar otras variedades de hortalizas o frutas para acrecentar su negocio y así también sus ingresos.
La señora utilizaría el crédito para invertir en su producto,ya que compraría mandiocas de mejor calidad para poderlas ofrecer a su clientela y que estas queden totalmente satisfechas.
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