29 De Setiembre Group
Librada is one of the members of the group. She is married and has one son. She sells groceries like rice, sugar, dairy products and other things. Through these sales she is able to generate a little bit of income which helps to cover the day-to-day costs of her home. She tells us that all of the work that she does is to give her family a better future.
She asks for a loan to buy rice, noodles, sugar, dairy and other products to stock her store and be able to meet the orders of all of her customers. She thanks the Foundation for the opportunity that they are giving her.
La Señora Librada es una de las integrantes del comité, está casada, y tiene 1 hijo. Ella se dedica a la venta de varios comestibles, como ser arroz, azúcar, lácteos y demás. Por medio de estas ventas ella puede generar un poco de ingresos con lo cual puede paliar los gastos que cada día surgen en la casa. Comenta que todo el trabajo que hace es por darle un mejor futuro a su familia.
Ella solicita el crédito para la compra de arroz, fideos, azúcar, lácteos y demás productos para abastecerse y de esa forma poder cumplir con los pedidos de todos sus clientes. Agradece a la Fundación por la oportunidad que le da.
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