Mujeres Trabajadoras 2 Group
One of the members is Carolina, who sells cleaning products. She is getting ahead and purchases her cleaning products through a micro-franchise, a program offered by “Fundación Paraguaya”. She is very grateful for this opportunity that she is receiving to join the committee. She is requesting this loan for the purchase of a cleaning products micro-franchise as this will enable her to continue her sales and continue earning income to support her family.
Una de las integrantes es la Sra. Carolina quien con su venta de productos de limpieza, está saliendo adelante, ella compra los productos de limpieza como microfranquicias que la fundación paraguaya les ofrece. Ella eta muy agradecida por esta oportunidad que recibe al formar parte del comité.
La Sra. Solicita de este crédito para la compra de microfranquicias de limpieza, ya que con ello podrá seguir con sus ventas y seguir teniendo los ingresos para ayudar 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