One member of the group, María, tells us that she makes a living selling all types of meals. She says the work is going very well as her food is much liked by her customers. She is growing all the time and this is due to the fact that she is constantly putting a lot of effort into her work.
María is applying for this loan to invest in buying vegetables, meat, ham, cheese, eggs, condiments, flour and other supplies so that she can continue to delight her customers with her delicious meals.
Maria, una de las miembros del grupo, cuenta que se dedica a la venta de comestibles de todo tipo y le está yendo muy bien ya que sus comidas son muy aceptadas por sus clientes. Ella esta creciendo cada vez mas y eso es gracias a que ella se esfuerza mucho siempre.
Ella solicita de este crédito para poder invertirlo en la compra de verduras, carne, jamón, queso, huevo, condimento, harina y demás insumos para poder seguir deleitando a sus clientes con esas delicias que prepara.
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