Madres Emprendedoras Group
Pamela works selling cleaning products, which she obtains from micro-franchises offered by the Fundación Paraguaya. Thanks to her work she is getting ahead, and she gives her family everything she can. She is very grateful for the opportunity she is receiving from this microfinance institution and from Kiva, as not only she will benefit. She is asking for this loan in order to buy cleaning micro-franchises, so she can continue her sales and in this way improve her earnings and her ability to care for her family.
Pamela, se dedica a la venta de productos de limpiezas, que obtiene por medio de las microfranquicias que le ofrece la fundación paraguaya. Gracias a su trabajo está saliendo adelante y ayuda y da a su familia todo lo que ella puede por medio de su trabajo. Ella está muy agradecida por la oportunidad que está recibiendo de la fundación y de kiva, pues no solo ella se ve beneficiada.
Solicita este crédito para la compra de microfranquicias de limpieza, para que pueda seguir con sus ventas y teniendo de esa forma los ingresos con lo que atienda a su familia.
More information about this loan
This loan is designed for borrowers who want to open up their own microfranchises, with special focus on women and youth. As part of this program, Fundación Paraguaya provides each borrower with a microfranchise kit; business planning support; business, product and sales trainings; promotional materials; and office space to sell their products. Borrowers can open different types of microfranchises depending on their interests and skills. Fundación Paraguaya is one of the few microfinance institutions in the world that offers its borrowers the opportunity to open microfranchises.
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