Mujeres Todas Juntas Group
Elva is part of this group and says that she sells cheese and milk. She begins working very early in the morning to be able to meet her customers’ demands. She has become very well known, thanks to the good variety of products she sells.
She is asking for this loan in order to buy cheese in quantity so that she will have a large stock on hand, now that the year-end festivals are approaching. She wants to have a good stock.
Elva es parte de este grupo, y comenta que se dedica a la venta de queso y de leche. Empieza a trabajar desde muy tempranas horas de la mañana para poder cumplir con su clientela desde temprano, ella se ha hecho muy conocida gracias a la buena variedad de los productos que vende.
Elva pide de este crédito para poder comprar queso en cantidad, ya que quiere tener un mejor stock de este producto, ya que se acercan las festividades y quiere estar bien surtida.
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