Mujeres Luchadoras Group
Heliodora is a part of this group. She tells us that her business is recycling all sorts of products, such as cardboard, aluminum, plastic, and other materials that she collects on foot every day starting very early. She then sells them, which provides her with an income that helps her support her family. She also buys some materials and then resells them. Heliodora is very proud of what she does, as it is decent, honest work.
She is asking for this loan to buy plastics and aluminum, which she will resell for a little more profit.
Heliodora forma parte de este grupo, ella comenta que se dedica al reciclaje de todo tipo de productos, como ser cartones, aluminio, plásticos, y demás materiales, que ella recoge en forma ambulante todos los días desde muy temprano. Luego ella los vende y de esa forma tiene un ingreso que la ayuda a mantener a su familia. También ella compra algunos materiales y los revende. Heliodora está muy orgullosa de lo que hace ya que es un trabajo digno y honesto.
Ella solicita de este crédito para poder invertirlo en la compra de plásticos y aluminio, que ella revenderá y luego tendrá un poco mas de ganancias.
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