Rita is a member of this group. She sells food as an itinerant street vendor and also works recycling materials such as aluminum, plastic, paper, metal, etc. She is a very selfless woman who starts work very early every morning and finishes very late at night. She is very proud of everything that she does as hers is decent and honest work and it allows her to help her family.
Rita is requesting this loan to buy aluminum, plastic, paper, metal, etc. which she will then be able to re-sell and enjoy greater profit margins. All of the members of this group are very grateful for the opportunity that they are receiving.
La Sra. Rita es parte de este grupo, ella es vendedora ambulante de comestibles y también realiza reciclaje de materiales como ser aluminio, plásticos, papel, hierro, etc. Ella es una persona muy sacrificada, ya que trabaja todos los días desde muy tempranas horas y termina ya muy tarde. Esta muy orgullosa de todo lo que hace, ya que es un trabajo digno y honesto, y gracias a lo cual ayuda a su familia.
Rita solicita de este crédito para la compra de aluminio, plásticos, papel, hierro, etc, lo cual podrá revender para poder tener un mayor margen de ganancias. Todas las miembros están muy agradecidas por la oportunidad que están recibiendo.
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