Mujeres Al Poder Group
María is one of these 17 women. She makes a living selling all types of beverages. María says her business is growing thanks to the work she's doing and to the help of her bank. She has bigger sales on the weekend, and she's getting ready for the coming holidays because she wants to be able to have her business well stocked.
This is why she's requesting the loan to buy soda, wine, whisky, beer, and other beverages, so she can have a large supply.
They're grateful for the help they receive because their families also are being benefitted and are getting ahead.
Una de estas 17 mujeres es María, quien se dedica a la venta de bebidas de todo tipo. Maria cuenta que su negocio está creciendo gracias al trabajo que ella está haciendo y gracias a la ayuda de su grupo. Tiene mayores ventas los fines de semanas, y se está preparando para estas fiestas, ya que quiere poder tener bien surtido su negocio, y es por eso que solicita del crédito, `para la compra de gaseosas, vinos, whiskys, cervezas y demás, y así poder tener un gran stock.
Ellas agradecen por la ayuda que reciben, pues sus familias también están siendo beneficiadas y están saliendo adelante.
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