Mujeres Encantadoras Group
Maria is the treasurer of the committee. She is asking for a loan to buy bread, mate, fruits, sugar, etc for her food-stock. She has a well-supplied business, but wants to ensure it is further well-stocked, since she knows that this way she will attract more customers.
All of the members are happy, since the program is helping them and improving their lives.
La señora Maria es la tesorera del comité, ella solicita su crédito para invertirlo en la compra de panificados, yerba, frutas, azúcar, etc. para cargar mas su despensa. Tiene un negocio bien surtido, pero quiere poder surtirlo más, ya que sabe que eso atrae a más clientes.
Todas las miembros están contentas, ya que el programa las está ayudando y mejoran así sus vidas.
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