6 De Enero Group
Luz joined this group and says that she has made many sacrifices in order to help her family. She sells cakes that she prepares herself. Thanks to her good work, she has been able to move forward and establish a good clientele. Luz is requesting a loan so that she can buy flour, shortening, eggs, sugar, candies, and other ingredients. This will allow her to continue making cakes that she can sell.
Luz forma parte de este grupo y comenta que con mucho sacrificio ayuda a su familia por medio de la venta de tortas que hace. Gracias al buen trabajo que hace esta saliendo adelante y ya tiene muy buena clientela.
Solicita del préstamo para la compra de harina, manteca, huevos, azúcar, dulces y demás, con lo que podrá seguir haciendo las tortas que vende.
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