Mujeres Luchando Group
One of the members of the group is Norma. She sells all kinds of food and is a very talented cook, so she has a good customers base. With her income she is able to cover the daily household expenses, so she is getting ahead.
Norma says she is requesting the loan to buy meat, condiments, flour, eggs and other goods so she can continue with her food business and help her family.
Una de las integrantes del grupo es la Sra. Norma, ella se dedica a la venta de comestibles de todas las variedades, es muy talentosa con sus comidas y por eso ya se hizo de muy buena clientela. Con estos ingresos cubre los gastos diarios de la casa, y está saliendo adelante.
Cuenta la Sra. Norma que solicita de este crédito para la compra de carnes, condimentos, harina, huevos, y demás, para poder seguir haciendo sus comestibles y luchar por 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