Lorenza, a member of this group, works in retail sales. She has a small grocery store with which she supplies her neighborhood with every type of product.
She works every day from a very early hour, and does so until very late. She wants to continue working so that she can gradually improve her business and see it grow.
She is applying for this loan in order to invest in the purchase of drinks, vegetables, meats and other supplies, so that she can continue giving good variety to her customers, and have a better income.
Lorenza, miembro de este grupo, se dedica a las ventas, tiene una pequeña despensa, con la cual surte a su vecindario con todo tipo de productos. Trabaja todos los días desde muy temprano y lo hace hasta muy tarde. Ella quiere seguir trabajando para ir mejorando su negocio e ir creciendo. Solicita de este crédito para poder invertirlo en la compra de bebidas, verduras, carnes y demás insumos para poder seguir dando buena variedad a sus clientes y así tener un mejor ingreso.
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