One of the group's members is Beatriz, who makes a living selling cakes. She is very skilled in her work and so it is going very well for her. Beatriz has a good customer base and she is making an effort to move forward. She has always fought for her family and she wants to continue with this. Her goal is to be able to have a big shop to sell her cakes and, with the income generated, she would like to give help to those who need it.
Beatriz is applying for this loan to buy flour, eggs, butter, sweets and more in order to continue making her delicious cakes to sell.
Una de las integrantes es la Sra. Beatriz, quien se dedica a la venta de tortas, ella es muy hábil en lo que hace y gracias a ello le va muy bien. Ella tiene muy buena clientela y se está esforzando por salir adelante, siempre ha luchado por su familia y quiere seguir haciéndolo. Su meta es poder tener una gran tienda donde vender sus tortas y por medio de esos ingresos ayudar a quienes la necesita.
Solicita de este crédito para la compra de harinas, huevos, manteca, dulces y demás para poder seguir haciendo las ricas tortas que vende.
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