Mujeres Unidas 2 Group
Gloria is one of these women, she has a small grocery store which provides goods to her neighborhood. Even though the business is very small, she is hopeful of the fact that she will continue fighting and that from day to day it will grow little by little. She also wants her community to continue to grow and improve. Gloria is seeking this loan to invest in the purchase of goods for her store, such as meat, chicken, spaghetti, rice and more to continue working in her business. She is grateful to all for the opportunity that the group is being given.
Gloria es una de estas mujeres, tiene una pequeña despensa, con la que surte a su barrio, aunque su negocio sea muy modesto tiene la esperanza de seguir luchando y el día de mañana poder crecer poco a poco. Quiere también que su comunidad pueda ir creciendo y mejorando.
Solicita de este crédito para poder invertirlo en comprar insumos para su despensa, como ser carnes, pollo, fideos, arroz, y demás insumos para poder seguir trabajando en su negocio. Agradecen todas por la oportunidad que están recibiendo.
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