El Progreso Group
Aurelia, one of the members, sells grilled meats and also drinks. It's going well for her and she's making progress because she is a good salesperson. She has very good clientele who loyally buy what she sells. Aurelia asks for this loan to buy meats of all kinds and also drinks, since those are the inputs she needs to keep working and continue having a way to support her family.
La Sra. Aurelia, una integrante del grupo se dedica a la venta de asaditos (Churrascos) y también vende bebidas, gracias a que tiene buena habilidad para las ventas es que le está yendo tan bien y está saliendo adelante. Se hizo ya de muy buena clientela, que fielmente compra de ella lo que vende.
Aurelia pide este crédito para la compra de carnes de todo tipo, y también de bebidas, ya que con estos insumos podrá seguir trabajando y teniendo los medios para poder ayudar a su familia.
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