Kuña Guapa Group
Rumilda is the president of the committee and is very energetic. She set up her group so they could work together and make progress. She has a well stocked general store which she managed to set up with a great deal of effort and nowadays it is her means of supporting her family.
She is asking for this loan to buy fruit, vegetables, food, soft drinks, fizzy drinks and other items.
La señora Rumilda es la presidenta del comité, es muy activa, formo su grupo para poder trabajar en conjunto y salir adelante. Ella tiene una despensa bien surtida que con mucho esfuerzo pudo montar y hoy día ya es la forma de sostener su familia.
Ella pide este préstamo para poder invertirlo en la compra de verduras, frutas, comestibles, bebidas, gaseosas y demás.
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