Rosa Mistica Group
Maria is one of the members, who, in her latest survey, had a level one poverty rating, meaning that her income is very low and are below the poverty line. However, she knows that through her hard work she can continue to grow. She makes a living selling cleaning products through micro-franchises offered by the foundation.
Maria is requesting this loan to buy a cleaning micro-franchise, which will enable her to keep working and making cleaning products, which she then sells. She is grateful for the opportunity that all the members are receiving as it will help them and their families a great deal.
Maria es una de las integrantes, quien en su última encuesta mostró un nivel de pobreza dentro del nivel uno, es decir que sus ingresos son muy bajos, y están por debajo de la línea de la pobreza, pero ella es consciente que a través del esfuerzo que hace podrá seguir creciendo. Ella se dedica a la venta de productos de limpieza que hace por medio de las microfranquicias que ofrece la fundación.
La Sra. Solicita de este crédito para la compra de microfranquicia de limpieza, con lo cual podrá seguir trabajando y haciendo los productos de limpieza que vende. Agradece por la oportunidad que están recibiendo todas las miembros, ya que les será de mucha ayuda, no solo a ellas, sino también a sus familias.
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