12 De Diciembre Group
Sra. Benjamina is one of the members. She sells cleaning products that she prepares weekly in the central part of the city. Benjamina also sells farm products that are grown by her husband. Both business activities enable her to move forward and help her family get ahead.
Benjamina is requesting a loan in order to buy a cleaning franchise so that she can have the resources that she needs to make cleaning products. As a result, she will be able to continue working.
La Señora Benjamina, una de las miembros, vende productos de limpieza que ella prepara semanalmente en el centro de la ciudad, así también vende los productos agrícolas producidos por su marido y de esa forma ambos se ayudan por salir adelante y sacar adelante a su familia.
Ella solicita de este crédito para la compra de una microfranquicia de limpieza, que tiene los productos que ella necesita para hacer sus productos de limpieza y de esa forma seguir trabajando.
More information about this loan
This loan is designed for borrowers who want to open up their own microfranchises, with special focus on women and youth. As part of this program, Fundación Paraguaya provides each borrower with a microfranchise kit; business planning support; business, product and sales trainings; promotional materials; and office space to sell their products. Borrowers can open different types of microfranchises depending on their interests and skills. Fundación Paraguaya is one of the few microfinance institutions in the world that offers its borrowers the opportunity to open microfranchises.
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