Kuña Joaju Group
Benancia is a member of this communal bank. She sells all manner of natural remedies. It is hard work, she says, but thanks to this type of work she is getting ahead and can help her entire family. She would like, soon, to have a large store and keep offering a nice variety of products to her customers.
Benancia is requesting the loan in order to purchase more natural herbal remedies. This way she can keep giving her customers a good variety.
Benancia es miembro de este grupo, ella vende remedios naturales de todo tipo, y es un trabajo duro, según nos comenta, pero gracias a este trabajo ella está saliendo adelante y puede ayudar a toda su familia, le gustaría el día de mañana tener un gran local y seguir ofreciendo buena variedad a sus clientes.
Solicita de este crédito para poder comprar más remedios yuyos naturales y de esa forma seguir dando a sus clientes buena variedad.
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