Kuña Pyapy Mbarete Group
She has a grocery store and she starts work very early in the morning in that she goes to the market to stock up on all types of products for her store. She relates that she started her small business with sacrifice and effort and has been growing little by little.
She’s requesting this loan to buy vegetables, produce, meat, fruit and others to keep her store well-stocked.
Ella tiene una despensa en la que trabaja desde muy tempranas horas del día, ya que va al mercado para surtir su negocio con todo tipo de productos. Cuenta que empezó con un pequeño negocio y que con sacrificio y esfuerzo está creciendo de a poquito.
Ella solicita de este crédito para poder invertirlo en la compra de verduras, hortalizas, carnes, frutas y demás, para seguir teniendo bien surtido su negocio.
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