Reina De La Paz Group
Fátima is a very humble woman who sells corn flour with her children. They are very determined and want to get ahead. Fátima tells us that everything is difficult but she works hard and won't let herself be defeated because she's in this fight for her children.
She is requesting a loan to buy corn that she will process to make corn flour and then sell it. She is grateful for the help as it benefits all of the members' families, not just hers.
La señora Fátima es una señora muy humilde que se dedica a la venta de Harina de Maíz junto con sus hijos, son muy emprendedores y quieren salir adelante. Fátima nos dice que todo está muy difícil, pero que ella se esfuerza mucho y que no se da por vencida, ya que lucha por sus hijos.
Solicita de este crédito para la compra maíz, el cual procesara y hará la harina que vende. Agradece por esta ayuda, ya que no solo ella, sino todas las familias de las miembros se ven beneficiadas con esto.
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