One of the group members is Laura. She has a small grocery store in her home and she tells us that she starts working very early in the morning. She is a person who puts a lot of effort into what she does and it is thanks to that that she is getting ahead. Her wish is to be able to have a big grocery store in the future.
She is asking for this loan to buy fruits, vegetables, meat, drinks, bread, and other supplies to stock up and keep offering her customers a nice variety.
Una de las integrantes del grupo es la Sra. Laura, ella tiene una despensa en su casa, y cuenta que trabaja ahí desde muy tempranas horas del día. Es una persona que se esmera mucho en lo que hace y es gracias a esto que está saliendo adelante. Su deseo es poder tener el día de mañana una gran despensa.
Solicita el crédito para la compra de frutas, verduras, carne, bebidas, pan y demás insumos para poder surtirse y seguir dando buena variedad 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