Virgen De Las Mercedes Group
Marcelina, the president, is a person with great potential and was elected by her friends for that reason. She is a hard worker and always enthusiastic, so she motivates her colleagues. She is requesting a loan to buy supplies for her grocery store. She wants to buy canned goods, sodas, bakery products, noodles and other items.
She and her colleagues are grateful for this opportunity, because not only will they benefit from it themselves, but also their families.
Marcelina, la presidenta, es una persona con gran potencial, por lo que sus amigas la eligieron, es trabajadora y por sobre todo tiene un gran entusiasmo siempre, con lo que motiva a sus compañeras. Ella solicita del crédito para la compra de insumos para su despensa, ya que quiere poder surtirlo con enlatados, gaseosas, panificados, fideos, y demás.
Ella y sus compañeras agradecen por esta gran oportunidad que reciben, pues no solo ellas serán beneficiadas, sino también sus familias.
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