Kuña Guapa Group
One of the group members is Rafaela. She is very hard-working and, as president of the group, always tries to motivate the others to keep fighting. She sells clothing items, a job that allows her to support her family and give them what they need to have a decent life.
Rafaela is requesting this loan to buy clothing items, which will help her to finish her business plan and improve her income.
Una de las integrantes es la Sra. Rafaela, ella es una persona muy trabajadora, además de eso ella es la presidenta de este grupo, y siempre se esfuerza por motivar a sus compañeras a seguir luchando. Ella se dedica a la venta de prendas varias, y es gracias a ese trabajo que ayuda a su familia, dándoles lo que necesitan para una vida digna y sin privaciones.
La Sra. Rafaela solicita de este préstamo para la compra de prendas variadas, lo que le ayudará a tener a concretar su plan de negocio, el cual le ayudará a mejorar sus ingresos.
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