Unidas Por El Progreso Group
Irma is requesting this loan to buy some supplies for her business such as drinks and food products. This will allow her to continue providing her customers with a good variety of products.
Irma tiene una despensa bien surtida con todo tipo de productos, y cuenta que empezó con un pequeño negocio, pero que gracias a su trabajo esta creciendo y cada vez va mejorando mas. Solicita de este crédito para poder comprar algunos insumos para su negocio, como ser bebidas y comestibles, y así 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