Kuña Guapa Group
Sonia, the president, makes foods of all different types, and she is getting ahead, thanks to her work. She is a person with big dreams, for which she fights and put effort into her work every day. This loan is one she hopes to invest to keep making the food that she sells, like by buying meats, condiments, and other comestibles.
Sonia, la presidenta, se dedica a la elaboración de comestibles de todo tipo, y está saliendo adelante gracias a su trabajo. Ella es una persona con sueños, por los cuales lucha y se esfuerza día a día. Este crédito quiere invertirlo en insumos para poder seguir haciendo las comidas que vende, como ser carnes, condimentos y demás insumos.
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