Damas Unidas Group
Nimia is group president and she relates that she formed the group with the hope of being able to help her family providing them with a lifestyle free of privations or limitations. She works in sales; she has a well-stocked grocery store. She relates that she’s just starting out but hopes in future that it will be a great business. She’s requesting the loan to buy flour, sugar, tea, soft-drinks, dairy products and other items to stock her store.
Nimia es la presidenta, y cuenta que formo parte del grupo con la esperanza de poder ayudar a su familia, dándoles un estilo de vida sin privaciones ni limitaciones. Ella se dedica a las ventas, ya que tiene una despensa bien surtida, cuenta que está empezando, pero desea que el día de mañana sea un gran negocio.
Solicita el crédito para la compra de harina, azúcar, yerba, bebidas, lácteos y demás insumos para poder surtir su local.
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