El Progreso Group
Ada tells us that the group has helped her to grow and that she is doing well. She always sells lots of empanadas, as they are delicious. Her goal is to be able to open a big store one day.
She is asking for this loan to buy ingredients so she can continue making empanadas, such as meat, condiments, vegetables and other things.
Ada cuenta por su parte que el grupo la ha ayudado a crecer y que le esta yendo bien, siempre vende muchas empanadas, ya que son muy ricas, la meta que tiene es poder abrir un gran local algún día.
Solicita de este crédito para la compra de insumos para poder seguir haciendo sus empanadas, como ser carne, condimentos, verduras y demás.
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