Maria is one of the members. She runs a small well-stocked store where she works every day starting very early in the morning providing her customers with everything they need. She says that she started with very little but over time and by making a great effort life is getting better.
Today she is seeking a loan to buy stock and a range of soft drinks to improve her store. In this way she will be able to keep the store going and improve service to her customers.
Maria es una de ellas, quien tiene una pequeña despensa bien surtida en la que trabaja todos los días desde muy tempranas horas, dando a sus clientes todo lo que necesitan. Comenta que empezó con muy poco, pero que después poco a poco y gracias a su esfuerzo fue mejorando.
Hoy solicita de este crédito para la compra de comestibles para poder surtir su despensa, y también bebidas en general, ya que así podrá seguir trabajando y mejorando su atención a los clientes.
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