One of the members is Celina who works selling food. She is very entrepreneurial and a hard worker and she has many customers. She feels thankful to be part of the foundation and part of the women's group program.
Celina is requesting a loan to be able to buy ingredients, such as greens, seasonings, baked goods, vegetables and other products, to continue making her food. In this way she will be able to continue fighting and sacrificing in order to get ahead and help her family.
Una de las integrantes la Sra. Celina quien se dedica a la venta de comidas, es una señora muy emprendedora y trabajadora tiene muchos clientes, y se siente agradecida por formar parte de la Fundación, y del programa de comité de mujeres.
Celina pide este préstamo para poder comprar insumos para seguir haciendo sus comidas, como ser verduras, condimentos, panificados, hortalizas y demás productos, ya que de esa forma podrá seguir luchando y sacrificándose por salir adelante y ayudar a su familia.
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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