Paraguay Renda Group
They are 24 hard-working and humble women who work very hard to win their sustenance every day. That way they get their families ahead.
Keeping in mind the great demand there is at the start of the season and the classes, Romelia will use the requested loan to buy merchandise. She will buy things like school and office supplies (notebooks, backpacks, pencil boxes, pencils, file folders, paper). She will buy accessories for school uniforms and other things to increase the stock in her store.
La Sra. Romelia, teniendo en cuental la gran demanda por inicio de temporada y de clases, adquierirá con el préstamos solicitado; mercaderías como útiles escolares(cuaderno, mochilas, cartucheras, lapeces, carpetas archivadoras, tipos de hojas) y de oficina, así como accesorios para uniformes de colegios y otros para aumentar el stock de la tienda que ella posee.
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