Mujeres Encantadoras Group
One of the members is Lucía, who makes and sells cakes. She comments that it's going very well for her and that she has a lot of work, since her neighbors always order from her when there are parties and all types of events. She wants to continue growing with her micro-enterprise, for which reason she would like to continue investing in it.
Lucía is requesting the loan to buy flour, yeast, sugar, food coloring, and other ingredients necessary for the cakes she makes.
Una D. las miembros es la señora Lucia, ella se dedica a la elaboración y venta D. tortas, comenta que le va muy bien y que tiene mucho trabajo, pues sus vecinos del barrio siempre le hacen pedidos cuando hay fiestas y todo tipo D. eventos. Comenta que quiere poder seguir creciendo con su micro emprendimiento, por lo que le gustaría poder seguir invirtiendo en el.
Ella solicita el crédito para la compra D. harina, levaduras, azúcar, colorantes y otros insumos necesarios para la elaboración D. las tortas que prepara.
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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