Ludis, one of the members, has a store in her home. She starts work early in the morning every day, going out to find fresh products to offer to her customers. Her aim is to continue expanding her business and use her earnings to help her family members.
She is requesting the loan in order to buy fruits, vegetables, pasta, rice, sugar and other foodstuffs with which to stock her shop.
Ludis, una de las integrantes, tiene una despensa en su casa, trabaja desde muy temprano todos los días, ya que va a buscar productos frescos para poder ofrecer a sus clientes. Su meta es poder seguir agrandando su negocio y ayudar por medio de sus ingresos a sus familias.
Ella solicita el crédito para la compra de verduras, frutas, fideos, arroz, azúcar y demás productos para poder surtir su despensa.
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