Kuña Guapa Group
Rumida is the president of this group. She is a very active person, and she formed the group so that she could work with others and make progress. She has a well-stocked shop in which she works every day starting very early in the morning. She strives to offer her customers what they need and to earn the income she needs in order to cover her family's day-to-day expenses.
She is seeking this loan so that she can purchase fruit, meat, vegetables, condiments and other items, so that she can continue her sales and give her customers what they are asking for.
La señora Rumilda es la presidenta en el comité y es muy activa, formo su grupo para poder trabajar en conjunto y salir adelante. Ella tiene una despensa bien surtida en la cual trabaja todos los días desde muy tempranas horas, tratando de ofrecer a su clientela lo que necesita y también a su familia los ingresos para cubrir los gastos del día a día.
Solicita de este crédito para la compra de frutas, condimentos, carnes, hortalizas y demás, para seguir con sus ventas y dar a su clientela lo que pide.
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