Kuña Marangatu Group
One of the group members is Mariela. She manages the canteen at a school in her neighborhood and she relates that sales are very good and thanks to her group’s and Fundación Paraguaya’s help she’s getting ahead.
Mariela is requesting the loan to stock her canteen with foodstuffs, beverages, snacks and others to make the dishes she sells in the canteen. She’s very grateful for the opportunity she’s getting.
Una de las integrantes del grupo es la Sra. Mariela, ella se dedica a la administración de la cantina del colegio que se encuentra en su barrio, y cuenta que tiene mucha venta y que gracias a la ayuda de su grupo y de fundación paraguaya esta saliendo adelante.
La Sra. Mariela solicita el crédito para surtir la cantina con comestibles, bebidas, golosinas y demás para la elaboración de las comidas que se venden en la cantina, ella se encuentra muy agradecida por esta oportunidad que recibe.
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