Barrio Alegre Group
One of the members is Liz who sells basic staples like vegetables; she sells lettuce, tomatoes, manioc, squash and dairy products like cheese. She’s able to provide her family with their basic needs this way.
The requested loan will be used to invest in her micro business and to buy a larger amount of merchandise to sell.
Una de las integrantes Liz se dedica a la venta de productos de primera necesidad como son las verduras, ella vende lechugas, tomates, mandioca, calabaza y de los productos lácteos vende queso; es con esta actividad como ella aporta a la canasta familiar.
El crédito solicitado sería para invertir en su micro emprendimiento y comprar mayor cantidad de mercaderías para poder venderlas.
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