Kuña Pora Group
María is one of the members and she originates from a small administrative division within a municipality of the city of Belén. There she keeps her small business selling fruits, vegetables, novelties, cleaning supplies and meats. She is a very hard worker and wants to improve as the cycles pass and in this way get ahead. She requests this loan for the purchase of consumable goods such as fruits and vegetables to be sold so that she may continue growing with her business. She wishes to provide her family with what they need so that they may have a life without want.
La Sra. Maria es una de las integrantes, ella es de una colonia pequeña en distrito de la ciudad BELÉN donde tiene su pequeño negocio de Venta de frutas y verdura mercería, producto de limpieza y carnicería. Como se puede ver ella es muy trabajadora y quiere conforme vaya pasando los ciclos ir mejorando y asa salir adelante.
Solicita de este crédito para la compra de insumos, como ser frutas y verduras para la venta, y de esa forma poder seguir creciendo con su negocio y dar así a su familia lo que necesitan para tener una vida sin privaciones.
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