Mujeres Emprendedoras Group
One of the members is Señora Wilma, who has a store where she works every day from a very early hour. She comments that it is going very well for her in her store, since she has many good customers and good sales, since she always gives her customers very good attention. Wilma and her companions strive and work not only to grow in their microenterprises but they also want to help their community grow and improve. She is applying for the loan to be able to invest it in the purchase of supplies such as beverages, milk, vegetables, meat, and other items to be able to continue stocking her store
Una de las integrantes es la Sra. Wilma, quien tiene una despensa en la cual trabaja todos los días desde muy tempranas horas. Ella comenta que le está yendo muy bien en su tienda ya que tiene muy buena clientela y buena venta, pues siempre da a sus clientes muy buena atención. Wilma y sus compañeras luchan y trabajan no solo por crecer en sus microemprendimientos sino también quieren ayudar a que su comunidad crezca y mejoren.
Ella solicita el crédito para poder invertirlo en la compra de insumos para poder seguir surtiendo su despensa como bebidas, leche, verduras, carne y demás.
More information about this loan
This loan is designed for poor clients living in rural areas with high levels of crime and social conflict. These clients, working primarily in agriculture, are often ineligible for credit from formal financial institutions because of the high-crime area they live in, their lack of adequate collateral (like a land title), and the likelihood of low agricultural production due to bad weather or pests. Fundación Paraguaya is committed to serving these clients with loans and other wraparound services tailored to their needs. It also provides clients working in agriculture with access to discounted training courses at a local agricultural school to teach them how to improve their crop yields.
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