Leocadia is one of the members. She raises pigs and vegetables, which she sells in her food store, and is an enterprising woman who really needs this loan, so she is requesting it to buy other supplies for her store, such as vegetables, fruits, canned goods, and other things that will be very helpful to her business.
La Sra. Leocadia, una de las integrantes se dedica a la cría de chancho y faena y vende en su despensa. Es una señora muy emprendedora y muy necesitada del crédito es por eso que lo solicita, para poder invertirlo en la compra de otros insumos para su despensa, como ser verduras, frutas, enlatados y demás, que le serán de mucha ayuda en su negocio.
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