One of the members is Erma. She says that she has a small grocery store within her house where day after day she gets up to work, starting very early in the morning. Erma dreams of eventually having a large business and being able to make the lives of her family more comfortable. She works on their behalf.
She is asking for this loan so she can buy drinks, fruit, vegetables, meat, snacks, and milk, among other things. These are the things that she sells the most and she wants to stock up well for her customers.
Una de las integrantes es la Sra. Erma cuenta que tiene una pequeña despensa en su casa, donde día a día se levanta a trabajar desde muy tempranas horas. Erma sueña con tener el día de mañana un gran negocio y poder dar una mayor comodidad a su familia, ya que por ellos lucha.
Solicita de este crédito para poder invertirlo en la compra de bebidas, frutas, verduras, carne, embutidos, leche y demás, ya que son los que mas salida y venta tienen y quiere poder surtirse bien para sus clientes.
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