Virgen De Caacupe Group
Señora Elodia is one of the members. She has a grocery store business. She is a very hard-working woman who with her effort and work is getting ahead. She comments that she has grown little by little and now has a well-established clientele. She is requesting this loan to purchase more of a variety of products to sell in the store, such as pasta, meat, dairy products, etc., so that in this way she can increase her clientele and also generate more income for the family.
La Sra. Elodia es una de las integrantes, quien tiene un negocio de despensa, es una mujer muy trabajadora que con esfuerzo y lucha está saliendo adelante, comenta que ha crecido poco a poco y hoy día ya tiene una clientela bien formada. Pide este préstamo para la compra de más productos varios para su venta en la despensa, como ser fideo, carne, productos lácteos ,etc., para que de esa manera pueda aumentar más su clientela y también pueda generar más ingresos en la familia.
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