Catalina is the president, and she says that she helps her fellow group members in every way she can so that they can get ahead and leave poverty behind them. Catalina has a small, but well-stocked, store where she works every day from the early hours of the morning. Thanks to her sacrifice, she is getting ahead and also helping her family.
She is requesting a loan to stock up her business with canned goods, beverages, bread, vegetables, etc. This way, she will be able to continue working and can continue to keep her store well-stocked.
Catalina es la presidenta, y cuenta que ayuda a sus compañeras en todo lo que puede para poder salir adelante y dejar la pobreza atrás. Catalina tiene una pequeña, pero surtida despensa donde trabaja todos los días desde muy tempranas horas del día. Gracias a su sacrificio está saliendo adelante y también ayuda a su familia.
Solicita el préstamo para poder surtir su negocio con enlatados, bebidas, panificados, verduras, etc, con lo cual podrá seguir trabajando y surtiendo su negocio.
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