Yvapoo Poty Group
One of the women is Wilma who, by selling groceries, now has the means to continue to help her family. She defines herself as being very hard-working and feisty. She wants to continue making a strong effort to help her family and continue supporting them.
Wilma is applying for this loan to buy flour, eggs, meat, oil, vegetables and other products so as to continue selling groceries. She is thankful for the help she is receiving as it does not just help the group members but also their families.
Una de estas mujeres es la Sra. Wilma, quien por medio de la venta de comestibles tiene los medios para seguir ayudando a su familia. Ella se define a si misma como una persona muy trabajadora y luchadora, que quiere seguir esforzándose para ayudar a los suyos seguir apoyándolos así.
Wilma solicita de este crédito para poder comprar harina, huevos, carne, aceite, verduras, entre otros productos para poder seguir haciendo los comestibles que vende. Agradece por la ayuda que están recibiendo, ya que se benefician, no solo las integrantes del grupo, sino también sus familias.
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