Ara Pyahu Group
The group president is Francisca. She sells fruits and vegetables so that she will have income to help her family. Francisca has built up a good clientele and the support of her group has helped her move forward. She is requesting a loan so that she can buy all types of fruits and vegetables. Francisca wants her business to be well-stocked so that she can continue offering good-quality products to her customers.
La presidenta es Francisca, y ella vende frutas y verduras para poder tener los ingresos para ayudar a su familia. Se hizo de buena clientela y con el apoyo de su grupo está saliendo adelante.
Solicita este préstamo para la compra de frutas y verduras de todo tipo, ya que quiere poder surtirse y seguir dando buena calidad a 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