Señora Elvira, one of the members, sells food. Her business is located in a strategic place that allows her to have a larger number of customers, and thus she supports her whole family. She is applying for this loan to buy meat, greens, vegetables, condiments, and other supplies to be able to continue making the foods that she sells, since with this she helps her family and gives them everything that they need to have a better life that she had.
Solicita de este crédito para la compra de carnes, verduras, hortalizas, condimentos y demás insumos para poder seguir haciendo las comidas que vende, ya que con esto ayuda a su familia y les da todo lo que necesitan para tener una mejor vida a la que ella tuvo.
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