Maida is one of the members of this group. She's a trader and says she has a well-stocked grocery store, from which she supplies her neighbours and people from everywhere.
Maida says that starting her business was quite hard, but now she has very good customers and is growing. She is applying for this loan to buy meat, noodles, rice, sugar and other things to stock her business well.
Maida es una de las miembros de este grupo, ella es comerciante, cuenta que tiene una despensa bien surtida, con la cual surte a sus vecinos y personas de todos lugares. Maida cuenta que para empezar su negocio fue un poco difícil, pero que hoy en día ya tiene muy buena clientela y está creciendo.
Solicita de este crédito para la compra de carne, fideos, arroz, azúcar y otros para tener bien surtido su negocio.
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