Vida Nueva Group
Teodora mentions that she has a small kiosk stocked with all sorts of products like sweets, cookies, soft-drinks, cigarettes, food items and others. This is how she works and earns her livelihood with dignity. She’s requesting the loan to buy the products she sells so that her kiosk can stay well-stocked and she can meet customer needs.
Teodora comenta que tiene un pequeño kiosco con todo tipo de productos, como ser golosinas, galletitas, bebidas, cigarrillos, comestibles y demás, con lo que ella trabaja y de esa forma dignamente se gana la vida.
Ella solicita el crédito para la compra de esos productos que vende, para que así tenga bien surtido su negocio y así cumplir con sus clientes.
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