Virgen De Itacua Group
One of the members of the group in María. She makes a living selling food and beverages, and thanks to her work and sacrifice she's getting ahead. This is why she always makes the effort to be able to leave poverty behind.
María says that she'll buy supplies and beverages for her business with the loan she's requesting from the foundation and Kiva.
She's very grateful because thanks to the loan she'll be able to improve her income and that of her family.
Una de las integrantes del grupo es la Sra. María, ella se dedica a la venta de comidas y bebidas y es gracias a su trabajo y sacrificio que está saliendo adelante y es por ello que siempre se esfuerza para poder dejar atrás la pobreza.
Cuenta la Sra. María que el crédito que solicita de la fundación y kiva lo utilizará para la compra de insumos y bebidas para su negocio, ella se encuentra muy agradecida ya que gracias a el crédito podrá mejorar sus ingresos y el de su familia.
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