Mujeres Luchadoras Group
Lucila is part of this group. She is the president and comments that she always tries to urge her fellow members to make the effort to work hard and get ahead. She makes meals and sells then door-to-door. She is requesting this loan to buy the ingredients she needs to continue selling, like vegetables, spices, meats, etc. Then she can continue to work and fight.
Lucila integra este grupo, ella es la presidenta, y comenta que siempre trata de instar a sus compañeras a esforzarse y trabajar duro para salir adelante. Ella se dedica a hacer comidas y las vende de manera ambulante. Pide este préstamo para poder comprar sus insumos para seguir haciendo las comidas que vende, como ser verduras, condimentos, carnes, y demás, y así seguir trabajando y luchando.
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