Cerro Poty Group
Maria Lourdes, the group president, makes and sells sweets. Thanks to the friendly service she gives to her customers and the fine products that she makes, she has been able to get ahead. Her goal is to continue working and growing so that she can become a successful micro-entrepreneur. Maria Lourdes is requesting a loan so that she can buy flour, shortening, sugar, and other supplies so that she can continue making and selling sweets.
Maria Lourdes, la presidenta, se dedica a la elaboración y venta de confites, y gracias a su amabilidad con sus clientes y el buen producto de lo que hace, es que está saliendo adelante. Su meta es seguir trabajando y creciendo para ser una gran microempresaria.
Solicita este préstamo para la compra de harina, manteca, azúcar y demás insumos para seguir haciendo y vendiendo sus confites.
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