Virgen De Itati Group
One of the members of the group is María, who sells food as a street vendor. She says she has a very good clientele because of her delicious dishes. She is a talented cook so business is going very well. She is requesting a loan to buy supplies so she can continue her business. She will buy meat, vegetables, condiments and other items which will help her business.
The group is grateful for this opportunity as it will benefit the members greatly.
Una de las integrantes del grupo es la Sra. María, ella se dedica a la venta de comidas en forma ambulante, y cuenta que ya tiene muy buena clientela gracias a las delicias que prepara, es una persona con mucho talento para la cocina y es por eso que le va muy bien. Ella solicita de esta ayuda para poder invertir en insumos para poder seguir haciendo sus alimentos, como ser carnes, verduras, condimentos y demás, ya que esto la ayudará mucho.
El grupo agradece por la oportunidad que están recibiendo, ya que les será de mucha ayuda.
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