San Miguel Group
Amada has a store with basic products to offer to her customers. She is a very hard-working person who has a goal of continuing to enlarge her business and in this way be able to continue growing as a person and as a microentrepreneur. She is applying for this loan to be able to invest in the purchase of stock for her store and thus continue giving a good selection to her customers.
Amada tiene una despensa con los productos de primera necesidad para poder ofrecer a sus clientes. Ella es una persona muy trabajadora que tiene como meta poder ir agrandando su negocio y de esa forma poder seguir creciendo como persona y microempresaria.
Solicita de este crédito para poder invertirlo en la compra de insumos para su despensa y así seguir dando buena variedad a sus clientes.
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