Maria Auxiliadora Group
Karen sells fresh fruits and vegetables every day, very early. She is a person who stands out because of the effort she makes, her work, and her good example. She wants to continue investing in her work, which is why she is requesting this loan. She will use it to invest in buying fruits and vegetables, and therefore continue working.
Karen vende frutas y verduras frescas todos los días desde muy tempranas horas del día, es una persona que se destaca por el empeño que pone, por su trabajo y ejemplo. Quiere seguir invirtiendo en su trabajo, es por eso que pide de ese crédito, para poder invertirlo en la compra de frutas y verduras, y así seguir trabajando.
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