Kuña Pora Group
Gilda, a member, is a street vendor who sells linens and jewellery. This activity allows her to raise her children. She is a very hard working woman as her work isn’t easy, but she makes great effort as she doesn’t want her children to go without necessities as she did.
She is requesting this loan to purchase linens and jewellery for sale. This way she can continue growing her business and give her family what they need to have a life without hardships.
La Sra. Gilda es una de las integrantes, ella es vendedora ambulante de sus lencerías y joyas con el cual le hace crecer a sus hijos. Es una mujer muy sacrificada, ya que su trabajo no es fácil, pero aun así se esfuerza, ya que no quiere que sus hijos tengan que pasar por necesidades como las que ella tuvo que pasar.
Solicita de este crédito para la compra de lencería y joyas 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